Indonesia’s Krom Bank taps AWS Cloud for digital banking upgrade

 

  • Krom Bank, a subsidiary of Kredivo Group, is launching digital banking services through its partnership with Amazon Web Services (AWS).
  • Utilizing AWS Cloud, GenAI, and other managed services, Krom Bank aims to provide new services for underbanked Indonesians, including facial recognition and e-KYC.
  • AWS offers the bank flexibility to evolve its mobile banking services, serving youth and underserved populations with secure financial solutions.
  • AWS Asia Pacific (Jakarta) region hosting ensures compliance with local regulations while delivering services with low latency.
  • The bank uses Amazon Aurora, Elastic Container Service (ECS), SageMaker, and Rekognition for machine learning and fraud prevention.
  • Mambu powers the bank’s core banking ledger, supporting its lending products.
  • Krom Bank plans to leverage Amazon Bedrock for enhancing customer experiences with chatbots and virtual assistance.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Revolut Strengthens Presence with Indian Hiring Spree

The financial technology company seeks to expand its team in India.Highlights: Revolut is launching a significant hiring campaign...

Visa Strengthens Subscription Management Service for Businesses

New solutions aim to simplify recurring payment management for companies.Highlights: Visa has launched a new subscription management service.The...

Mastercard to Sell Nets Payments Unit Following $3.2 Billion Acquisition

The divestment follows Mastercard's strategic review of its portfolio.Highlights: Mastercard is set to sell its Nets payments unit.The...

Mastercard Seeks to Offload Payments Unit It Acquired for $32 Billion

The proposed sale comes as Mastercard re-evaluates its payments strategy.Highlights: Mastercard aims to sell its payments unit, originally...