DBS Bank Indonesia presents contactless banking services as solution to new investment climate | Bahasa

Digital transactions of investment products up by more than 50% yoy

DBS Bank Indonesia introduces a wide array of contactless investment transaction services such as Phone on Instruction and the digibank by DBS application

Indonesia, 17 Dec 2020 - DBS Bank Indonesia recognises the need for more secure and convenient digital transactions in the new investment climate. Online retail bond purchases have increased by more than 50% year-on-year. Bank DBS Indonesia uses the opportunity to continue to innovate to provide comprehensive contactless investment transaction services in the form of Phone on Instruction and an array of wealth management products through the digibank by DBS application, supported by virtual market updates through the e-Talk Series webinars.

"Online sales of Sukuk Tabungan ST007 by DBS Bank Indonesia through the digibank by DBS app ranked fifth, with a total investment value of more than IDR200 billion, more than double the previous Sukuk Tabungan sales. This is one of the measuring points of the enthusiasm of Indonesia's High-Net-Worth Individuals (HNWI) in building their portfolios online in a new investment climate. We strive to embrace this enthusiasm and make it easier for customers to invest by digitising from the inside out, including digitising internal processes to serve customers faster and more accurately to shorten the transaction confirmation process through price access and product availability in real-time. In serving customers, we present the Phone on Instruction service and also various features in the digibank by DBS app. All of these services are completed with the e-Talk Series webinars to provide financial insights and the latest lifestyle virtually, wherever customers are," said Head of Advisory and Digital Investment, PT DBS Bank Indonesia, Djoko Soelistyo.

With the Phone on Instruction service, customers can authorise purchases of investment products tailored to their risk profile, such as bonds, mutual funds, structured products, and buying and selling foreign currencies. The digibank by DBS application offers foreign currency transfers with no fees to more than 20 countries, account opening and placement of foreign currency deposits in 10 foreign currencies, as well as the purchase of government bonds in the primary and secondary markets.

"Through the digibank by DBS app as a pioneer of digital banking in Indonesia, we are constantly transforming digitally so that customers can Live more, Bank less or enjoy a hassle-free life. One of our innovations is improving wealth management to give customers access to financial services that suit their needs without the need to visit a branch office so that they can achieve investment opportunities in the new investment climate," said Managing Director, Head of Digital Banking, PT Bank DBS Indonesia, Leonardo Koesmanto. 

After achieving several significant milestones, DBS focuses on positioning itself as a trusted wealth management partner that is dynamic and digitally savvy in conducting innovations for the future (future-forward bank). DBS Bank Indonesia maintains its commitment to providing a wide array of financial and investment solutions tailored to meet every stage of the customer life through digital transformation.

 

 

Investing Tutorial on the digibank App by DBS

Foreign Currency Accounts & Deposits: https://youtu.be/jg1KhmuphN8

Secondary Market Bonds: https://youtu.be/1vrkZyLEYYo

Primary Market Bonds: https://youtu.be/9unYCqMsvDg

Foreign Currency Transfer: https://youtu.be/J7Sd1kWWiLE

 

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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.