NOBU Bank & Ayoconnect Collaborate on Open Banking API Solution Development
JAKARTA, 11 August 2022 – The largest Open Finance API Platform in Southeast Asia, Ayoconnect and PT Bank Nationalnobu Tbk (Nobu Bank) agreed to collaborate in developing an open banking solution which was marked by the symbolic signing agreement by Alexander Jatra, CFO Ayoconnect and Andrian Meirawan Saputra, Director of Nobu Bank.
The strategic collaboration in developing open banking-based technology is rooted in the shared vision of both parties to build comprehensive financial services through open API's (Application Programming Interface) or often called open banking so that banking services can be enjoyed more inclusively.
This collaboration is in line with the digitalization in banking services that demands the ability of the financial industry to be agile, and adaptive to potential synergistic collaborations with various parties, both financial and non-financial institutions.
Furthermore, the survey by e-Conomy SEA survey also stated that by 2022, Indonesia's digital economy market is predicted to double to USD146 billion in 2025. That said, the increasing market potential in Indonesia makes the collaboration between Ayoconnect and NOBU Bank happens with the right momentum.
Director of Nobu Bank, Andrian Saputra said, "We continue to collaborate with strategic partners through the Open API in a selective and measurable manner. This collaboration is expected to improve the transaction experience of various digital banking services according to business needs and customer demands.”
The integration of open banking services with the concept of 'Bank as a Service (BaaS)' that has been developed by Nobu Bank with Ayoconnect's network enables it to broaden Nobu Bank's range of banking services. Moreover, this collaboration also encourages more businesses to integrate banking services with top-notch service quality and level of service.
The BI-Fast or direct debit services by Ayoconnect's Payment Services APIs, for example, enable all customers who have given their consent to enjoy the convenience of recurring payments directly from various billing service providers and services from their accounts.
Andrian further added that for the past few years, Nobu Bank had been actively developing digital-based banking services to offer their customers easy, safe, and reliable banking services. This collaboration is also a milestone for the Nobu Bank team as it enables them to accelerate their services up to speed with other bank industries at this time of digital transformation.
"We hope that the collaboration with Ayoconnect can directly impact the growth of customers and encourage the community, especially MSMEs, to develop their new business with the support of digital services from Nobu Bank." closes Adrian.
Ayoconnect CFO Alexander Jatra, welcomed this collaboration and remarked, “The strategic collaboration between Nobu Bank and Ayoconnect is one of our efforts to provide safe, easy, and fast financial services to Nobu Bank customers. We hope that the launch of various features formed from this collaboration can support the achievement of Nobu Bank's strategic plans and encourage financial inclusion in Indonesia through the API network. In the future, we will continue to collaborate with various financial institutions in innovating and building financial technology infrastructure as one of the supporting pillars for digital economic growth in Indonesia per Bank Indonesia regulations and other regulators."
Founded in 2016, Ayoconnect is Southeast Asia’s largest Open Finance API platform. The company is building full-stack solutions with the mission to power the leading companies of today and tech unicorns of tomorrow. Its powerful embedded finance and data solutions help companies of all sizes to move forward quickly and launch banking and payment services within just a few weeks. Ayoconnect’s tech solutions are trusted by more than 200 clients, including leading financial institutions and tech companies such as Bank BRI, Bank Mandiri, DANA and Bukalapak. Headquartered in Jakarta, Indonesia, the company is backed by some of the world’s most respected VC firms including Tiger Global, PayU and Alto Partners.
About NOBU BANK
NOBU BANK is a National Private Commercial Bank (BUSN) for Foreign Exchange which was established in 1990. The Company's Head Office is located at Nobu Center, The Plaza Semanggi, Granadha Business District, Lt. 9, South Jakarta. The Company currently has 1 (one) non-operational head office and 117 (one hundred and seventeen) offices spread across 55 cities in 29 provinces throughout Indonesia. Complete information about NOBU BANK can be obtained at www.nobubank.com.