Indonesia’s Bank INA has joined forces with Mambu, a cloud banking platform, to bring digital banking services to the Indonesian market.

Bank INA seeks to leverage Mambu’s cloud-native banking platform as the technology foundation for its new digital banking offerings.

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Mambu’s software-as-a-service (SaaS) platform is said to enable banks and financial institutions to scale and launch new digital banking services.

Bank INA is part of the Salim Group, one of Indonesia’s largest conglomerates.

Bank INA digital banking director Yulius Purnama Junaedi said: “Bank INA will work with Mambu to utilise its market-leading technology to be the frontrunner in Indonesia’s digital banking industry.

“We believe that with Mambu, Bank INA will be able to complement the vast financial and payment digitalisation within Salim Group’s ecosystem.”

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“Our purpose is to create a digital bank where we can empower the lives of many micro and small-medium enterprises in Indonesia.”

Mambu Indonesia general manager said: “Bank INA, powered by Mambu, will soon be able to offer digital services to both retail consumers and MSMEs, offering greater convenience and speed, and also improving access to financial services for many consumers who are currently unbanked or underserved.”

Recently, Vietnam-based Cake digital bank selected Mambu’s SaaS cloud banking platform to provide a full suite of digital banking services.

In August 2021, Timo, another Vietnamese digital bank, entered into a partnership with Mambu to expand its business.