Qorus Banking Innovation Awards 2023

Collaborative Embedded Banking and Finance

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05/10/2023 Banking Innovation

About

Plug and Play Banking Solution from Amar Bank

Innovation presentation

Amar Bank is offering collaborative embedded banking and financing. We will provide plug-and-play embedded banking to non-banking players, which enable our partners to provide banking services such as payment, lending or checking accounts, to their consumers within their apps. They don't need the banking license to provide these services, as they can use our advanced IT capabilities to create this product which is as simple as plug-and-play.

The collaboration targets a diverse range of industries, including P2P, Agriculture, Logistics, E-commerce, and more. Among the financial products and services available are built-in banking features, configurable properties, banking standard security, and pre-approved credit limits for platform users. Partners can go to our website: embedded.amarbank.co.id and download it and use it in their own environment. Now, it has been launched by our strategic partner, Investree.

Uniqueness of the project

The USPs:

- Increased GMV - Leveraging user buying capacity by providing a financing limit in the partner ecosystem

- Longer customer lifetime value - A seamless experience between payment instruments and platform transactions

- Faster time to implementation - The use of an SDK allows the product to be rolled out in only 2 weeks

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