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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…