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03 Feb 2021

Investment and Protection Trends Are Growing, BCA Maximizes Wealth Management (WELMA) Application Features

Jakarta, 3 February 2021 – The trend of investment and protection trends continues to increase, as can be seen from the Indonesia Stock Exchange (IDX) data which shows the growth of new investors throughout 2020 by 28%. This figure is also further strengthened by the data from the Investment Coordinating Board (BKPM) which recorded the 1.1% YoY increase in investment realization rate throughout 2020. However, not a few people view investment as a confusing thing. They do not understand how to get started, what investment products are suitable, and the perception that investing is a difficult and serious topic.

Considering the investment growth conditions in Indonesia, and also the perception in the community, BCA as part of the national financial system continues to innovate to provide the best products and services for customers. BCA presents the latest features in WELMA (the Wealth Management mobile application from BCA which is used for investment products transactions, such as Mutual Funds, bonds and insurance education) to support the public's investment needs.

On this special occasion, BCA introduced the latest features of WELMA through the Virtual Press Conference. The event was attended by Deputy President Director of BCA Suwignyo Budiman, Senior Executive Vice President of Wealth Management Division of BCA Christine Setyabudhi, Executive Vice President of Wealth Management Division of BCA Adrianus Wagimin, Economist & Researcher of INDEF Bhima Yudhistira, and CEO & Founder of Ternak Uang Timothy Ronald on Wednesday (3/02).

“Investment trends are growing day by day, encouraging Indonesians to compete to learn more and more varied investment instruments. BCA observes this growth, so that we move to innovate in developing digital-based investment and protection applications. The presence of the WELMA application innovation is expected to be a solution for customers who want to manage funds through investment and insurance wherever they are, so that through WELMA, investment becomes something that #SeriusItuGampang." said Suwignyo Budiman as Vice President Director of BCA.

The WELMA application can facilitate customers in conducting various investment transactions such as buying or selling mutual funds, bonds and also for insurance learning products. Various features offered by WELMA such as Auto-Subscription, which covers periodic purchases of mutual fund products, switching, redemption, performance information, portfolio and many more. To get WELMA, customers can download it through the Google Play Store or the App Store.

BCA has updated WELMA by adding the Online Single Investor Identification (SID) registration feature which further facilitates and makes it easier for customers to register an SID number as a condition for conducting investment transactions. The presence of Online SID makes customers no longer need to come to BCA branch offices or contact Halo BCA to register. With the addition of this feature, the WELMA application has become a complete mobile investment solution for BCA customers.

Christine Setyabudhi as Senior Executive Vice President of the Wealth Management Division of BCA said, “We hope that the presence of WELMA’s new features can facilitate all customers in making transactions. BCA has recorded a growth in WELMA application users, which currently have been downloaded by more than 84 thousand users and generated more than 75 thousand transactions. This figure is proof that the development of the wealth management business is growing rapidly even in the midst of a pandemic,”

The WELMA application has recorded a nominal transaction of Rp 6.7 trillion as of January 2021. The transaction that recorded the largest nominal value in this application was the purchase of Retail SBN, and the highest frequency of transactions was the purchase of mutual funds. For information, in November 2020, the WELMA Application received the Top Innovation Choice Award 2020 from in collaboration with Trans N Co.

“Investing through the WELMA application is simple and practical, in accordance with the characteristics of today's society, especially for the millennial generation. It is hoped that through the presence of the WELMA feature, it can also support the government in cultivating good habits of the community, which is investment, "concluded Christine.

BCA WELMA launched new feature OnlineSID – BCA Vice President Director Suwignyo Budiman (left), BCA SEVP Wealth Management Christine Setyabudhi (center), BCA EVP Wealth Management Adrianus Wagimin (right), INDEF Economist and Researcher Bhima Yudhistira (bottom left) and Ternak Uang CEO & Founder Timothy Ronald (bottom right) on Wednesday (03/02). The Online Single Investor Identification (SID) registration feature makes it easier for customers to register a SID number as a condition for conducting investment transactions.


About PT Bank Central Asia Tbk (as of 30th September 2020)

BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of September 2020, BCA has the privilege of serving 23.0 million customer accounts, processing around 33 million of daily transactions through a network of 1,249 branches; 17,415 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 24,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.

For more information, please contact :

Corporate Secretariat Division – Corporate Communication Sub Division
Public Relations Bureau

Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia 20th Floor
Jakarta Pusat 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail :

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