Amar Bank

Amar Bank

About Amar Bank

Simplify's Rating
Why Amar Bank is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Surabaya, Indonesia

Founded

1991

Overview

Company Does Not Provide H1B Sponsorship

Simplify Jobs

Simplify's Take

What believers are saying

  • Cloud-native technologies can lead to cost savings and improved scalability for Amar Bank.
  • App-only banking services drive personalized and user-friendly customer experiences.
  • Cloud services facilitate faster deployment of new features, enhancing competitive advantage.

What critics are saying

  • Dependence on Google Cloud could lead to service disruptions during outages.
  • App-only model may alienate customers preferring traditional banking methods.
  • Increased competition from digital banks in Indonesia may pressure Amar Bank's profitability.

What makes Amar Bank unique

  • Amar Bank is the first Fintech bank in Indonesia with its digital product, Tunaiku.
  • The bank offers an app-only banking service fully hosted on Google Cloud.
  • Amar Bank is part of the Tolaram Group, enhancing its credibility and resources.

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Company News

Crowdfund Insider
Jul 4th, 2020
Amarbank launches app-only banking service that resides completely in Google Cloud

Indonesia-based Amar Bank, which is part of the Tolaram Group and reportedly became the first Fintech bank in the country with the launch of its digital product, Tunaiku, has introduced an app-only banking service that resides completely in Google Cloud.

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