SBM ITB students won second place in the national level White Paper competition

Written by Student Reporter, Deo Fernando (Entreprenuership 2021)

An achievement has been achieved by School of Business and Management (SBM) ITB students at the national level competition. The Fortuna team consisting of Palita Rana Putinagari (Entrepreneurship 2021), Laksmi Azzahra Kaheraning (Management 2021), and Savina Dinda Ramadhianty (Management 2021) won second place in the 2019 White Paper Competition Industrial Workshop organized by the Industrial Engineering Student Association of Gajah Mada University (UGM) on 13-15 September 2019.

White paper is a document intended to explain an issue that occurred, how the details of the problem, and what solutions are offered with good visual communication design and is a short document that summarizes the results of research and technology on an issue that can be applied to answer a problem. White paper has been widely used abroad to resolve cases both formally and with the competition. However, this White Paper which was held the first time in Indonesia.  The theme of the competition is “Progress of Financial Technology and It’s Challenges”.

In the first stage participants were invited to choose the sub-themes that had been set by the committee. After selecting a sub-theme, participants were required to send an abstract and then submit a full proposal, and participants who passed the final were invited to Yogyakarta to participate in the next step, to provide a study case and make a paper and present it to the judge. In the competition, an Industrial Workshop seminar was also held with the theme “Shaping the Future of Industry through Financial Technology Innovations” held at the Aston Aston Lotus Ballroom in Yogyakarta.

Palita Rana, who is one of the Fortuna teams, shared her experience of participating in the competition, at the initial stage their team raised the issue of Fintech disruption in the conventional payment system for city transportation. Apart from raising the issue of sub-themes, the Fortuna team was also given material on the Fintech P2P issue by the OJK and a very interesting coaching white paper. After the material provided, they were also required to give problem solving of the Fintech issue that has been presented, namely the danger of illegal Fintech. From the series of processes, the Fortuna team succeed to win second place, beating the team from all universities in Indonesia. “Overall the competition is very interesting, very challenging, and has been a very good and memorable experience. It is hoped that this white paper contest can be developed again in Indonesia.”, said Palita Rana when interviewd by the SBM-ITB student reporter on Tuesday (09/17/1019). In the competition the first winner was won by ITB students from the geodetic engineering and planology engineering study program, while the third winner was won by students from UGM Industrial engineering.