Tech giant Tencent’s cloud division, Tencent Cloud, has recently announced a strategic partnership with Allo Bank, a prominent digital banking platform in Indonesia. This collaboration is set to bolster Allo Bank’s operational growth, thereby revolutionising the financial sector in Indonesia.
Over the years, Tencent Cloud has been instrumental in refining the Allo app by integrating leading, secure services. This technical augmentation aligns with Allo Bank’s mission to provide financial services to the underbanked population of Indonesia, with particular emphasis on tech-savvy youths.
Since 2021, Tencent Cloud has established two Internet Data Centers (IDCs) in Indonesia, signifying its commitment to addressing the country’s burgeoning commercial needs. Leveraging years of experience and an in-depth understanding of the regional market, Tencent Cloud is well-positioned to deliver tailor-made solutions for Allo Bank.
Among Tencent Cloud’s vital contributions is the incorporation of the dependable and scalable database management technology, TDSQL. This technology equips the bank with the computational and storage capabilities required to efficiently manage substantial volumes of data.
Jimmy Chen, Vice President of Tencent Cloud International and Managing Director of South East Asia, expressed enthusiasm over the collaboration. “We are pleased to enhance digital banking in Indonesia with cutting-edge technology such as TDSQL. Leveraging our years of global experience and expertise, Tencent Cloud is confident in providing Allo Bank with tailored solutions and services that fulfill its specific needs. We look forward to more collaborations in the future, including partnerships for additional solutions and services like eKYC.”
On the other hand, Indra Utoyo, President Director and CEO of Allo Bank, lauded the fruitful partnership with Tencent Cloud. He stated, “Thanks to our valuable collaboration with Tencent Cloud, Allo Bank has been given a large boost in achieving its goals of managing vast amounts of data, handling high-frequency transactions, ensuring online security, and managing risk control – with the aim of providing a revolutionary service to all digital banking users in Indonesia. We foresee an even more fruitful future with Tencent Cloud, as we set up plans to utilize more of their high-quality and highly reliable technology.”
The strategic partnership between Tencent Cloud and Allo Bank is set to fuel the transformation of the digital banking landscape in Indonesia, offering efficient financial services to the underbanked. The alliance showcases the profound impact of integrating cutting-edge technologies in enhancing digital banking capabilities.
This news is based on information from Marketech APAC.