Indonesia’s largest digital banking platform, Allo Bank, has partnered with Tencent Cloud to enhance its digital banking services. Through the partnership, Allo Bank will leverage Tencent Cloud’s database management system and cloud capabilities to efficiently manage large amounts of data, handle high-frequency transactions, ensure online security, and manage risk control.
Facts
- Tencent Cloud will deploy its database management system TDSQL, along with computing and storage resources, to assist Allo Bank in managing large amounts of data efficiently.
- Tencent Cloud’s TDSQL offers a secure way of managing data and delivers better heavy-load performance, crucial for handling Allo Bank’s high volume of transactions.
- TDSQL’s scaling capacity enables Allo Bank to grow without downtime and process up to 100,000 daily transactions.
- Allo Bank can reduce costs and access security solutions by leveraging public cloud capabilities provided by Tencent Cloud, which can detect risks on the bank app side.
- Indra Utoyo, president director, and CEO at Allo Bank expresses that the partnership with Tencent Cloud significantly supports the bank’s goals of managing vast amounts of data, handling high-frequency transactions, ensuring online security, and managing risk control.
- Launched in 2021, Allo Bank, based in Jakarta, claims to serve over six million customers and offers digital banking services, including payments and buy now, pay later (BNPL).
- Tencent Cloud, the cloud business of Chinese technology giant Tencent, has established two internet data centers (IDC) in Indonesia since 2021 to cater to its business needs.
