Launches its new features, digibank by DBS encourages customers to adopt new investment habits | Bahasa

Indonesia.29 Jul 2020.3 min read

digibank by DBS holds #SemuaPastiBisa campaign to support customers in managing and developing their finances in the new normal


The latest features, Multi Currency Accounts and Secondary Market Bonds, ensure easy, quick and safe investments for digibank by DBS users


Indonesia, 29 Jul 2020 - digibank by DBS, a pioneer in digital banking in Indonesia, today launched its newest features, Multi Currency Accounts and Secondary Market Bonds. The launch of these features further confirmed its commitment to realising the intelligent way of banking by continuously enriching its features to provide complete, integrated, easy and safe financial services so that customers can enjoy life more in accordance with Bank DBS Indonesia’s Live more, Bank less mission.

The two new features of digibank by DBS give customers more choices in managing their finances and encourage them to invest as well. Considering the large number of investment instruments available, digibank by DBS makes it easier for customers to choose safe, low-risk, and liquid investments so that they can be used as emergency funds.

In the current new normal, managing and developing finances to prepare for all possibilities in the future has become increasingly important. According to Ministry of Manpower data as of June 2020, three million workers in all sectors have been laid off. The layoffs are one of the impacts of the Covid-19 pandemic and certainly affect the stability of national and public finances. Therefore, customers need to review their financial management to prepare for an uncertain future.

"It is important for people to follow the health protocols to stay healthy and productive. In addition, adjustments to the new normal include better financial management to prepare for all possibilities in the future so that economic activity can continue," said Covid-19 Task Force Spokesperson dr. Reisa Broto Asmoro who attended the launch of the latest features of digibank by DBS.

“We are aware of the role of digital banking, in this case digibank by DBS, in opening easy, fast, and secure financial access. Through the #SemuaPastiBisa campaign, everyone has equal opportunity to access financial services needed to set up an emergency fund, even further developing it with a process that is 100% digital from end-to-end. Therefore, we launch two new features, Multi Currency Accounts and Secondary Market Bonds, that fit customer needs in the new normal," said PT Bank DBS Indonesia Managing Director, Head of Digital Banking Leonardo Koesmanto.

Multi Currency Account and Secondary Market Bonds enable customers to expand their investment through instruments to suit their needs. Using the Multi Currency Account feature, customer can save in 10 different currencies, namely USD, SGD, AUD, EUR, HKD, CAD, GBP, NZD, JPY, and CHF, in a single account and manage their fund well as the exchange and interest rates are competitive. The feature is also suitable for foreign currency transactions, enables investors to anticipate exchange rate fluctuations and to diversify investment portfolios to mitigate risks.

Meanwhile, the Secondary Market Bonds feature allows customers to invest in the secondary market starting from Rp1 million, making it affordable for customers who want to start investing and to set up an emergency fund. Previously, the secondary market was only accessible to investors with substantial capital. To date, digibank by DBS is the only digital banking that provides various investment options starting from just Rp1 million. Customers need only to make a Single Investor Identification (SID) to purchase and sell bonds using the digibank by DBS app.

“Currently, there are many investment instrument options that can function as emergency funds, ranging from low- to high-risk, to affordable investments with minimum fund. Our new feature has an advantage of high flexibility and liquidity that can benefit customers in managing, developing, and using their funds. Therefore, digibank by DBS encourages and facilitates customers to invest to develop their finances,” said PT Bank DBS Indonesia Head of Advisory and Digital Investment Djoko Soelistyo.

digibank by DBS promotes the democratisation of finance through the new features that enable every person to move forward and improve their financial situation. Therefore, customers will be more flexible in investing using various product options that can be accessed easily, safely, comfortably, and affordably to manage and develop their emergency funds in the new normal.

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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 11 consecutive years from 2009 to 2019.

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 SGD 50 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 our 28,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.