Indonesia’s Allo Bank taps Tencent Cloud to enhance digital banking services
Allo Bank, Indonesia’s largest digital banking platform, has partnered with Tencent Cloud to boost its digital banking solutions.
Through the partnership, Tencent Cloud will deploy its database management system TDSQL, along with computing and storage resources, enabling the bank to manage large amounts of data efficiently.
Tencent Cloud says its database management system offers a secure way of managing data and delivers “better heavy load performance, which is critical for handling Allo Bank’s high volume of transactions”.
It also claims TDSQL’s scaling capacity means Allo Bank can grow without downtime and process up to 100,000 daily transactions.
By leveraging public cloud capabilities, Allo Bank will also be able to reduce costs and access security solutions that can detect risks on the bank app side.
Commenting on the partnership with Tencent Cloud, Indra Utoyo, president director and CEO at Allo Bank, says the 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”.
Launched in 2021, Jakarta-based Allo Bank claims to serve over six million customers, providing digital banking services including payments and buy now, pay later (BNPL).
Tencent Cloud is the cloud business of Chinese technology giant Tencent, and since 2021, it has deployed two internet data centres (IDC) in Indonesia to cater to its business needs.