DBS Treasures presents sustainable digital innovation, seize your opportunities through flexible online investment through digibank Reksa Dana | Bahasa

Indonesia, 19 Jul 2021 - As part of its mission to build solutions for a future of banking and to transform its wealth management strategy to focus on customers’ needs, DBS Treasures consistently presents sustainable digital innovations to help customers feel more confident in seizing timely investment opportunities. The latest innovation is digibank Reksa Dana, a mutual fund product that allows easy access to online investment through the digibank by DBS application. This is in line with the growing trend in society as more and more people are switching to digital platforms to conduct their daily activities, including financial activities. An internal study by Bank DBS Indonesia on online activities in 2021 revealed that all priority customers surveyed have a preference for online transactions with 83% of them adopting digital banking.

“The launch of digibank Reksa Dana is a tangible manifestation of DBS Treasures' commitment as a trusted wealth management partner for a future of banking. Prioritising intuitive wealth management, DBS Treasures is guided by three main pillars, namely proactive analysis and delivery of the latest market insights, banking experts who understand customer risk profiles and who are driven by the latest market data, as well as continuous digital innovation. This has been DBS Treasures’ stance from the start, with digital transformation an ongoing focus to enable customers to live more, bank less,” said Rudy Tandjung, Consumer Banking Director, PT Bank DBS Indonesia.

Rudy added, “The latest investment product we present on the digibank by DBS application is digibank Reksa Dana that allows a flexible end-to-end process, from SID registration to purchasing, selling, and switching transactions. This helps customers seize opportunities and optimise their investment portfolios 24/7. Its product range includes robust instruments, IDR and USD currencies, and comprehensive asset classes to cover all customers' investment risk profiles. All of them can be categorised based on popularity, performance, and best scoring.”

digibank Reksa Dana completes a series of digital innovations aimed at facilitating customers in completing all types of financial transactions digitally, from foreign exchange transfers to deposit placements and bond investments.

According to the IDX (Indonesia Stock Exchange), the capital market contributes 48-50% to the national economy. The data is consistent with Bank DBS Indonesia’s internal data, which shows that the number of investors using the digibank by DBS application increased by nearly 30% in the first quarter of 2021. In direct proportion to this, data from the Indonesian Central Securities Depository (KSEI) showed that the number of mutual fund investors has increased by 4.69 million people or around 47.87% until May 2021.

Hasan Fawzi, Development Director of the Indonesia Stock Exchange, stated, “We truly appreciate DBS Treasures’ breakthrough in expanding the options for financial management experience for retail and priority customers by adding various investment instruments in the capital market through a seamless technology approach. This breakthrough is in line with our mission to make it easier for the public to get access to the capital market, which is also an effort to increase the number of investors and increase the volume of public ownership of various Indonesian Capital Market products.”

 

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About DBS
DBS is a leading financial services group in Asia with a presence in 18 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 Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. 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. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020.

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. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SG50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.