Third Party Fund Deposit, DBS Bank Launches Digibank Application

By : Hariyanto And Aldo Bella Putra | Wednesday, August 30 2017 - 20:00 IWST

Bank DBS Indonesia
Bank DBS Indonesia

INDUSTRY.co.id - Jakarta - PT Bank DBS Indonesia launched a conventional bank application for smart phones, named Digibank to boost third party funds (DPK).

"We are targeting in five years this Digibank users can 3.5 million users," said Director of Consumer DBS Indonesia, Wawan Salum in Jakarta, Tuesday night (29/08/2017).

Wawan said, Digibank targeted prospective customers segment millennial society, or society that every day closely with information technology devices. This year, DBS is very aggressively fixing its technology services.

Unfortunately, Wawan is reluctant to disclose how much investment is prepared to develop DBS banking technology services. Digibank is more than a mobile banking service, or internet banking that has been presented by a number of banks in the country.

This service relies on biometric technology that relies on Electronic Identity Card (E-KTP) data. People who want to open a Digibank account, just set the time with Digibank agent to open an account.

Other advantages, there is no minimum balance requirements such as an account in a physical bank. DBS also promised no administrative fees for account opening and interest enjoyed by customers of 3 percent.

Other feature in Digibank added is the transfer service and cash withdrawal at no cost. In fact, Digibank users can transfer funds up to Rp200 million, as well as cash withdrawals at any Automatic Teller Machine (ATM).

The transfer service that reaches Rp200, available in Digibank, includes both SKN and RTGS (Real Time Gross Settlement) services, or clearing services.

For security features, Head of DBS Digital Banking, Leonardo Koesmanto said, Digibank service comes with a soft token that is different from the secret password used in conventional banks. "Soft token is a dynamic security in a more secure application of One Time Password," said Leonardo.

News Comment

Today's Industry

Ilustrasi PLTGU (Ist)

Selasa, 26 September 2017 - 21:30 WIB

Fulfill Target National Electricity Program, PLTGU Grati Pasuruan Adds Electricity Production Capacity

Pasuruan - Grati Gas Steam Power Plant (PLTGU) in Pasuruan, increasing its electricity production capacity to 1,360 megawatt (MW). The additional capacity of PLTGU Grati is done to fulfill the…

Pembangkit Listrik

Selasa, 26 September 2017 - 21:00 WIB

Second Unit of POWR Power Station is Ready to Supply Cikarang Industrial Estate

Cikarang, PT Cikarang Listrindo Tbk (POWR) confirmed that the second unit of the company's power plant has reached the milestone by successfully generating electricity and has entered the grid.

Kebun Kelapa Sawit (Ist)

Selasa, 26 September 2017 - 20:30 WIB

Indonesia is Ready to Supply Eight Million Tonnes of Palm Oil to Europe

Jakarta- Indonesia is ready to supply up to 8 million tons of sustainable palm oil to the European market to meet demand in the region, which is expected to reach 6 million tons

Perhutani Ajak Masyarakat Peduli Kelestarian Hutan

Selasa, 26 September 2017 - 20:00 WIB

Perhutani Invites People to Care for Forest Conservation in Indonesia FSC Week 2017

Jakarta - On the title of Indonesia FSC Week 2017, President Director of Perum Perhutani Denaldy M Mauna invites wood and community consumers to care for forest sustainability by using products…

Tim Papua Raih Prestasi Tertinggi Pada Ajang Hackathon Pertama di Industri Asuransi

Selasa, 26 September 2017 - 19:30 WIB

The Papuan Team Gained the Highest Achievement at the First Hackathon Event in the Insurance Industry

Jakarta - A digital life insurance company, PT FWD Life Indonesia (FWD Life), announced the winner of the 2017 FWD HACKATHON competition that has created a navigation technology system to find…