JAKARTA - PT Bank BTPN Tbk (Bank BTPN) understands the importance of the role of supporting institutions for investment actors in the capital market industry in line with the development of investment trends and financial literacy. Seeing this, Bank BTPN is now providing custodial services for Institution and Individual, local and foreign investors.
Bank BTPN has obtained approval as a custodian bank from the Financial Services Authority (OJK). This decision refers to the OJK Agreement Letter of Banking Supervisory No. S-71/PB.311/2024 dated January 21, 2024 regarding the Approval of the Implementation of Custodian Activities and Decree of the OJK Board of Commissioners Number KEP-31/PM.02/2024 concerning Agreement of Commercial Banks as Customers on behalf of PT Bank BTPN Tbk which was set in Jakarta on May 7, 2024.
"Bank BTPN has a commitment as a commercial bank whose company shares have been listed on the stock exchange to increase the number of investors in the Indonesian capital market by collaborating with actors and investment managers by utilizing products and services that have been available at Bank BTPN, including Kustodian services," said Head of Wholesale Banking Group Bank BTPN Nathan Christianto in a written statement, Saturday, May 25.
As a custodian bank, Bank BTPN will carry out securities-related transactions (such as shares, bonds and units of mutual fund Collective Investment Contract participation) and represent account holders who are customers. Thus, Bank BTPN will serve the opening of custodian securities accounts, securities storage, transaction settlements, corporate actions, financial administration, to reporting.
"Bank BTPN focuses on making it easier for investors to enjoy investment benefits optimally by providing complete custodian services. We will also synergize comprehensive and innovative financial services in the BTPN Bank ecosystem to provide more flexibility for investors in determining their investment goals. In addition, Bank BTPN also plans to offer custodial services for investors abroad through the SMBC network which is expected to support Indonesia's capital market growth in a sustainable manner," added Nathan.
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He added that as a pioneer of digital banks in Indonesia through Jenius, this latest custodian service from Bank BTPN will also be able to take advantage of Jenius' digital capabilities as a life finance solution from Bank BTPN. One of them is by collaborating with the Government's Recurrency and Bonds Seller Agent.
Furthermore, Bank BTPN is also ready to fulfill its obligations to prioritize security and efficiency in carrying out the operations of custodian services following OJK regulations for the banking industry and capital market. This obligation includes compliance with the application of Personal Data Protection for Consumers and Anti-Money Laundering, Prevention of Terrorism Financing, and Prevention of Mass Eradication Weapons Funding. This will be an important factor in providing a sense of security and trust for customers that their assets can be well-administed and stored in Bank BTPN.
"We hope that BTPN Bank's custodian services can help improve public financial literacy in conducting targeted investment according to the desired risk profile. That way, investment in the capital market can continue to grow sustainably, which will help boost the country's economy. In the future, we will continue to provide more meaningful financial services and have a positive impact on all levels of society," concluded Nathan.
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