Krom Bank, a youth-focused Indonesian digital bank that is a part of Kredivo Group, is utilising Amazon Web Services (AWS) to enhance its digital banking services in Indonesia.
With 74% of the Indonesian population lacking access to traditional banking, Krom Bank aims to bridge this gap by offering personalised financial services through its mobile app.
By leveraging AWS cloud technology, Krom Bank can rapidly develop and improve its services.
The bank is the first in Indonesia to use the AWS Asia Pacific (Jakarta) Region, ensuring data compliance while offering faster service to local users.
Key AWS features such as Amazon Aurora provide a scalable database, while Amazon ECS enables quicker addition of features like e-KYC to their mobile app.
Amazon Rekognition allows secure logins and document submissions via selfies, and Amazon SageMaker helps analyse customer behavior for enhanced security and personalised experiences.
Krom Bank plans to explore further AWS generative AI services like Amazon Bedrock for features such as chatbots and virtual assistants.
The bank also partners with Mambu, a cloud banking platform, for its core banking operations.
Additionally, Krom Bank invests in AWS Training and Certification programs to enhance its workforce’s cloud skills.
“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.”
said Anton Hermawan, President Director, Krom Bank.
“Krom Bank innovates at a rapid pace to develop intuitive banking services on AWS that make managing finances easy and engaging.
Removing the complexity from banking is critical for many mobile app users in Indonesia, and the bank achieves this with the agility, security, and availability of the cloud.”
said Anthony Amni, Country Leader, Indonesia, AWS.
Featured image credit: Edited from Freepik
