The strategic partnership allows the bank to operate in the cloud in Indonesia, where banking data must remain «in country,» according to an announcement this week.
The digital bank will use Mambu’s SaaS banking platform and Google Cloud to offer new services to meet the needs and demands of Indonesian customers.
Bank Jago launched its smartphone app in April 2021 in Indonesia, home to the fourth-largest unbanked population globally.
More Services Planned
Its service offerings include everyday transactions and payments, and the bank has plans to branch out into SME lending.
«Bank Jago believes that technology is not only providing new experiences to its customers, but it also enables the bank to operate efficiently, and to constantly create innovative breakthroughs,» Kharim Siregar, Bank Jago president director, said in the announcement
Formerly known as Bank Arto, Bank Jago is backed by the likes of superapp Gojek, which recently increased its stake in the lender, as well as Singapore state investor GIC.
