PT Bank Jago Tbk (Bank Jago), an Indonesia-listed bank, has selected Mambu’s SaaS banking platform as its technology foundation as the bank begins its journey towards operating as a technology based-bank. Mambu’s innovative, flexible and responsive digital banking platform will underpin Bank Jago’s service offerings, which will initially include everyday transactions and payments, with plans to branch out into SME lending.
Bank Jago is the first organization to benefit from the recently announced strategic partnership between Mambu and Google Cloud , which allows banks and financial institutions in countries like Indonesia, where banking data must remain ‘in country’, to operate in the cloud.
Myles Bertrand, Managing Director, APAC at Mambu, said “We’re excited to bring our composable banking approach to Indonesia and to work with Bank Jago. Now that our strategic partner Google Cloud has made cloud banking a reality in Indonesia, we expect to see great progress made in the region in a very short space of time. According to the World Bank, less than half of all Indonesian adults currently have a bank account, so we expect that Bank Jago’s digital offerings will help to enhance financial inclusion within the region.”
Megawaty Khie, Country Director for Google Cloud Indonesia, added “People expect seamless, tailored experiences from their banking partners today, and we’re proud to partner with Mambu to support Bank Jago as they offer new services to meet the needs and demands of Indonesian customers.”
Bank Jago believes that technology is not only providing new experiences to its customers, but it also enables the bank to operate efficiently, and to constantly create innovative breakthroughs. By implementing solutions from Mambu and Google Cloud, Bank Jago is able to swiftly introduce life centric digital financial services to all its customers. “Mambu’s cloud banking platform and its partnership with Google Cloud offer the core banking solution that we are looking for and will allow us to focus on offering flexible cloud-based banking services to our customers,” said Bank Jago President Director Kharim Siregar.
In April 2021, Bank Jago launched its smartphone app that makes money management simple, collaborative and innovative. Because of its life-centric design, including novel collaboration features in financial services, the app enables consumers, together with their families and friends, to live their lives to the fullest.