FinTech: Indonesian Bank Jago To Implement Mambu’s SaaS Banking In The Google Cloud

June 4, 2021 | FinTech, News
https://dailyalts.com/wp-content/uploads/2021/06/Peluncuran-Aplikasi-Jago-1-scaled.jpg

Bank Jago is the first organization to implement Mambu banking after the latter’s partnership with Google Cloud.

SaaS cloud banking platform Mambu announced Wednesday that PT Bank Jago Tbk (Bank Jago) (IDX: ARTO) an Indonesia-listed bank, has become its first customer in that country. Bank Jago, which is embarking on a path to become a technology-based bank, will implement its SaaS banking platform on the Google Cloud. (Mambu)

Mambu banking platform, the cloud and financial inclusion

Bank Jago will use the SaaS banking platform for all its services including daily transactions and later, SME lending.

Recently, Mambu and Google Cloud entered a strategic partnership to offer cloud-based banking.

“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,” said Myles Bertrand, Managing Director, APAC, Mambu. “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.”

“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.

Gojek stake

In December, Indonesian ride-hailing giant Gojek bought an 18.02% stake in Bank Jago for $160 million, increasing its stake to 22.16%.

“A technology-based bank like Bank Jago will strengthen Gojek’s ecosystem and also open wider access to digital banking services for Indonesians,” Gojek Co-CEO Andre Soelistyo said at the time.

Related Story:  SaaS Banking Platform Mambu Is First Off The Block With A Shariah Version

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/05/Flowcarbon-grab-merged.jpg
Venture Capital/ESG: Adam Neumann Co-Founded Flowcarbon Raises $70M Via VC Funding And Token Sale

Flowcarbon, co-founded by Adam Neumann, known for WeWork, is a climate technology company seeking to formalize the market for carbon offsets on the blockchain. The startup announced Tuesday its $70…

https://dailyalts.com/wp-content/uploads/2022/05/Artists_impression_of_dust_formation_around_a_supernova_explosion-overlay.jpg
Digital Assets: The Terra (LUNA) Implosion – Sidelights
May 25, 2022     Digital Assets, Latest News, News

One hapless investor lost about 3 billion won ($2.4 million) in the LUNA and UST implosion earlier this month. A Korean social media personality going by the name of “Chancers”…

https://dailyalts.com/wp-content/uploads/2022/05/earthquake-g49825e696_640.jpg
Artificial Intelligence: AI Could Bring Us Fresh Insight Into Earthquakes
May 25, 2022     Artificial Intelligence, News

Scientists have long held the view that earthquakes are impossible to predict, being random events. But the potential for damage these natural events have, including the loss of life, have…

https://dailyalts.com/wp-content/uploads/2022/05/Africa-Blockchain-Report-Grab.jpg
Digital Assets: Swiss Venture Firm CV VC Launches African Blockchain Early-Stage Fund; Issues African Blockchain Report
May 24, 2022     Digital Assets, News, Venture Capital

CV VC announced Monday at Davos the launch of its African Blockchain Early-Stage Fund to bring the advantages of the blockchain and its own expertise to enable Africa to transact…