Third Party Fund Deposit, DBS Bank Launches Digibank Application

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.