Amazon Web Services (AWS) has partnered with PT Krom Bank Indonesia, a digital banking innovator in Indonesia, committed to serving the underbanked population with advanced, secure financial services.
The partnership between Krom Bank and AWS is designed to leverage cloud technology to bridge the financial inclusion gap in Indonesia. This collaboration aims to deliver scalable, innovative financial solutions to serve the underbanked and unbanked population, enhancing their access to digital banking services.
Krom Bank offers a range of digital banking services aimed at empowering Indonesia’s youth and underbanked communities. These include deposits with attractive interest rates, secured through robust security measures, and the facilitation of financial independence through features like e-KYC and smart financial planning tools.
Krom Bank is the first Indonesian bank to utilize the AWS Asia Pacific (Jakarta) Region, ensuring compliance with local data residency laws while optimizing service delivery. The bank’s use of AWS’s container orchestration and machine learning services has significantly streamlined its operations, enhancing user experience and security.
Krom Bank plans to further innovate its customer experience by integrating more generative AI services from AWS, such as Amazon Bedrock, and expanding its digital offerings through partnerships with platforms like Mambu.
Anton Hermawan, President Director of Krom Bank, said, “”AWS provides the flexibility we need to rapidly evolve our suite of financially-inclusive mobile banking services, making them engaging and easy to use.
“Cloud technology helps us deliver innovative and secure financial services to Indonesia’s youth and previously underserved part of Indonesia’s population. Krom Bank benefits from being hosted in the AWS Asia Pacific (Jakarta) region, enabling us to meet local regulatory requirements while serving end-users with lower latency. We look forward to continued robust growth with AWS.”
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