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Bank MNC seeks 30 million additional customers via MotionBanking

27 May 2021 08:52

JAKARTA – PT Bank MNC Internasional Tbk (BABP) would accelerate the development of MotionBanking, an online savings digital service, after obtaining the digital onboarding license from the Financial Services Authority (OJK).

Yudi Hamka, the Chief Technology Officer of MNC Group, stated that MotionBanking would be Indonesia’s leading digital financial ecosystem in the future. “The conversion from MNC Group ecosystem would give MotionBanking a boost in its users base to 30 million customers in the next four years,” Hamka explained in a press conference, quoted Thursday (27/5).

To speed up the development process of this online service, MNC Bank would initiate two corporate actions simultaneously in the next year. They include a rights issue of 14.2 billion shares and a private placement of 2.5 billion shares.

According to Hamka, the company would integrate MNC Group’s e-money platform with Visa and Mastercard. It would also develop a real-time credit facility using artificial intelligence-based credit scoring. This corporate action would be further discussed in the Extraordinary General Shareholders Meeting on June 9, 2021. (LK/ZH)

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