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

UK Banks Seek Alternatives to Visa and Mastercard Amid Concerns

Financial institutions explore options for payment processing independence.Highlights: UK banks are seeking alternatives to Visa and Mastercard.Concerns arise...

Emirates NBD Leads $31 Million Round in Real Estate Investment Platform

Emirates NBD funds real estate platform for enhanced investment opportunities.Highlights: Emirates NBD leads a $31 million funding round.Investment...

NatWest Highlights AI Benefits for Customers Amid Digital Shift

The bank reports improved services through enhanced AI technology.Highlights: NatWest reports AI implementation has enhanced customer experiences.The bank...

Lloyds Investigates Use of Staff Bank Data During Pay Talks

The bank is reviewing data usage amid negotiations with staff over pay.Highlights: Lloyds Banking Group is reviewing data...