AIBankingBusiness

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.
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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.

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