Qorus Banking Innovation Awards 2023

Collaborative Embedded Banking and Finance

premium
Q+
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

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

12/02/2024 Insurance Innovation

Inclined Line of Credit - iLOC

Owners of permanent life insurance invest in their policies to provide for loved ones after they’re gone, but also to...

23/01/2024 Insurance Innovation

Sherpa.ai Federated Learning Platform

Sherpa.ai is the first Federated Learning platform that allows companies to gather the full potential of the Artificial Intelligence by...

02/10/2023 Banking Innovation

Kredit Multiguna Usaha (KMU)

Kredit Multiguna Usaha (KMU) is one if our productive loan program that focus on the development of SME (Small Medium...

22/09/2023 Banking Innovation

Mining Sequence of Events using Deep Learning for Predicting Next Best Action

In our continuous quest to enhance customer experience and tailor our products/services to individual needs, we have developed an innovative...

Related news & insights

Mobility
28/02/2024 News

inDrive introduces financial services for drivers

This offering provides cash loans to drivers in Mexico operating on the platform, aiming to address the financial exclusion faced...

Digital Reinvention
27/02/2024 News

BNP Paribas and Orange finalize agreement to take over Orange Bank customers

Orange and BNP Paribas have finalized agreements after exclusive negotiations initiated in June 2023. The collaboration aims to bolster services...

SME Banking
26/02/2024 News

Ozan teams up with Fingate.io to offer instant shopping loans

Ozan Electronic Money Institution (EMI) has partnered with Fingate.io to introduce "Ozan Kolay Kredi" (Easy Loans), an innovative product aimed...

ESG
19/02/2024 News

MicroBank's social impact financing soars in 2023

MicroBank, the social banking arm of CaixaBank, experienced a significant surge in its social impact financing in 2023, with a...