Nobu Bank Turns into Digital Bank, What Is Next?

Summary

PT Bank Nationalnobu Tbk (NOBU) revealed several plans to develop its digital business. In a public disclosure to the Indonesia Stock Exchange (IDX) on Tuesday (9/28), the bank’s representatives laid out three directions for its digital transformation.

The first one is product and service innovation. The bank will develop various innovative and digital-based financial products and services for individual customers and MSMEs. The second one is creating digital collaborations and ecosystems by optimizing affiliated ecosystems and strategic partners, and lastly, improving the bank’s productivity through the use of digital technology and new ways of working. Nobu Bank will also implement several strategic moves to support its digital transformation process, including creating a special unit for product innovation and digital initiatives, improving human resources (HR), and information technology (IT) infrastructure.

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