PT Bank DBS Indonesia (Bank DBS Indonesia), a trusted partner in wealth management, officially launched a partnership with PT Moduit Digital Indonesia (Moduit), a licensed financial technology platform that offers digital Private Wealth Management services with curated products. This is the first collaboration of a bank in Indonesia with a wealth tech company through Application Programming Interface (API) integration so that people can invest in 100+ Secondary Market Bonds provided by Bank DBS Indonesia in the Moduit application. The launch was attended by Head of CBG Digital, Ecosystem & Partnership at PT Bank DBS Indonesia Bram Ismail, Head of Investment and Insurance Product at PT Bank DBS Indonesia Djoko Soelistyo, Chief Business Officer at PT Moduit Digital Indonesia Stefanus Adi Utomo, and Chief of Development at PT Moduit Digital Indonesia Edina Saputra.

Consumer Banking Director at PT Bank DBS Indonesia Melfrida Gultom stated, “As a trusted wealth manager, we open more opportunities for people to increase their wealth through digital platforms with smart, safe, reliable and relevant investment solutions. This partnership gives Moduit customers greater access to secondary market bonds offered by Bank DBS Indonesia. More than just synergy between two financial institutions, this partnership signifies the efforts of Bank DBS Indonesia and Moduit to accelerate financial inclusion and make investment products more affordable for all. This is in line with Bank DBS Indonesia's goal to continue to support more equitable financial prosperity across all levels of society or wealth democratisation.”

YouGov research for Bank DBS Indonesia in 2023 showed that 27 percent of people in the retail segment opt for investments to manage their assets. The same study revealed that 41 percent of Indonesians use online applications to access financial services, showing the importance of integration between investment and technology. The growing interest in investment is also confirmed by data from the Indonesia Central Securities Depository (KSEI), which highlights the fact that the number of investors, especially bond investors, has now reached more than one million with a growth rate of more than 21.4 percent from 2020-2023.

Bonds have become popular nowadays for several reasons, such as more attractive returns compared to savings or deposits, price stability, and fixed maturity dates and interest payments, making them a predictable financial management option.

Another factor driving the increase is ease of investment. Currently, Bank DBS Indonesia offers various benefits such as ease of investing digitally and the flexibility of buying and selling bonds that can be done anytime and anywhere.

Head of Investment and Insurance Product at PT Bank DBS Indonesia Djoko Soelistyo said, “In line with the positive trend in Indonesia's investment market, we are committed to continuing to presenting curated products according to risk profiles and customer needs as well as a seamless transaction, saving and investment experience through the digibank by DBS app. The integration of our API into the Moduit platform strengthens the realisation of this commitment, making it easier for people to purchase 100+ Secondary Market Bonds from Bank DBS Indonesia on the Moduit application. In the first year, we are eyeing up to 5,000 transactions with assets of up to Rp500 billion. Going forward, we will strive to reach more customers to advance financial inclusion in Indonesia."

As an investment advisor, Moduit has a portfolio allocation solution with a wide range of curated products from every type of asset class ranging from mutual funds, stocks, to bonds. As a result, Moduit has supported tens of thousands of individuals and institutions in achieving their financial needs. Moduit was established in 2018 and has more than 200 Moduit Wealth Advisor Partners licensed by the OJK with an average experience of more than 15 years in the wealth management industry.

“Moduit has a mission to build an integrated and accessible digital wealth management solution. We are excited to collaborate with Bank DBS Indonesia as this will allow us to complement our existing products and provide a more comprehensive investment portfolio solution to our customers. Bank DBS Indonesia is a bank that has been recognised as the World's Best Bank and the Safest Bank in Asia, demonstrating its capability as a trusted financial institution. In accordance with Moduit's tagline 'Your Trusted Wealth Partner', this collaboration is one of our commitments to bring the best partners in the industry into our ecosystem for the convenience of our customers. We hope this partnership adds value and positive impact as we believe that everyone has the right to prosper,” explained PT Moduit Digital Indonesia Chief of Development Edina Saputra.

Starting in October 2024, Moduit customers can access secondary market bonds curated by Bank DBS Indonesia through the Moduit application that can be downloaded on Google Play Store/App Store.

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About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 4 Functional Offices and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.

PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

About Moduit

PT Moduit Digital Indonesia is a financial technology company that offers digital Private Wealth Management services. Moduit provides users with suitable investment advice and a wide selection of curated wealth management products. PT Moduit Digital Indonesia has 3 licenses from the OJK, namely Investment Advisor, Mutual Fund Selling Agent (APERD) & Level 2 Broker-Dealer Marketing Partner (PPE Marketing Partner), and is registered with the Ministry of Communication and Informatics. Moduit works with the best financial institutions to provide various types of mutual funds, from conventional to sharia, government and corporate bonds, stocks, and other investment products. In marketing its products, Moduit has more than 200 Moduit Wealth Advisor Partners who are licensed by the OJK and have more than 15 years of experience in the wealth management industry. Moduit is headquartered in Jakarta and has a network of Moduit Wealth Advisor Partners in several major cities in Indonesia, with client lounge facilities in Bandung & Surabaya.

Bank DBS Indonesia & Moduit launch partnership to expand access to API-based secondary market bonds investment