Jenius, a digital banking platform operated by publicly listed Bank BTPN, is mulling over a plan to disburse loans for small and medium enterprises (SMEs) by a brand new banking product known as Jenius for Enterprise.
BTPN digital banking enterprise product head Waasi B. Sumintardja stated Jenius’s explicit focus aligned with the BTPN goal market, which was SMEs in addition to underbanked companies and people.
“In the future, we would like to design a productive loan mechanism within our Jenius for Business platform so it can reach the right markets,” Waasi stated in a press briefing on Wednesday. “I also think that some data in our platform is suitable for creating credit a scoring [system].”
He went on to say that Jenius had been utilizing a credit score scoring system to disburse private loans, known as Flexi Money, for its private bank account customers.
In keeping with the bank’s survey, 63 % of SME homeowners double their private bank account as a enterprise account, which makes it troublesome to trace their cashflow.
Jenius for Enterprise, Waasir stated, was geared toward serving to new or rising small companies to handle their funds, corresponding to holding monitor of bills and incomes.
He stated that for the reason that launch of Jenius for Enterprise in March, the platform has secured about 90,000 customers with a median of two to a few every day transactions made by every consumer.
The bank additionally launched Jenius Bisniskit (Enterprise Equipment), a separate enterprise administration software that may be linked to a consumer’s Jenius for Enterprise bank account. Jenius Bisniskit has a point-of-sale (POS), stock administration and shopper knowledge storage, amongst different options.
Waasi stated the lender was nonetheless specializing in optimizing the enterprise account platform’s present options, corresponding to transferring cash and a digital debit card system, earlier than increasing to different companies.
BTPN loan disbursement grew by 5 % year-on-year (yoy) to Rp 150.5 trillion (US$10 billion) within the first half of the yr, pushed by an 18 % rise within the company section to Rp 88.6 trillion.
Jenius itself noticed a 65 % yoy enhance within the variety of registered customers to 2.7 million clients by the top of June this yr, BTPN reported.
Learn additionally: BTPN sees web revenue contract by 9% in H1
BTPN’s third-party funds grew by four % yoy to Rp 101.four trillion within the first half of the yr, as Jenius collected greater than Rp 10 trillion in third-party funds.
loan disbursement began to select up in July, rising by 1.53 % in comparison with June’s 1.34 %, Monetary Providers Authority (OJK) knowledge exhibits. (eyc)