Launches Investment Feature, Jenius Presents More Complete Life Finance Solutions

Illustration. (Photo: Doc. Antara)

JAKARTA - Jenius from PT Bank BTPN Tbk, a pioneer of digital banking in Indonesia, has launched its newest feature, Investment. Now, Jenius users can start investing in mutual funds easily and simply directly from the Jenius app.

Waasi B. Sumintardja, Digital Banking Business Product Head at Bank BTPN, said, "As a life finance solution for the digital savvy community, Jenius wants to be here to help them manage their life and finances in a simpler, smarter and safer way.

"Therefore, after going through the co-creation process with the digital savvy community, Jenius launched the Investment feature to answer the needs of those who want to start investing simply directly from the Jenius application. This feature also complements the series of revolutionary features in the Jenius application that help digital savvy to make transactions, manage cash flow, and save easily and simply," said Waasi, quoted Friday, February 4.

Based on the Jenius Study: "Adaptation of the Digital Savvy Lifestyle During the 2021 Pandemic" which involved 527 digital savvy respondents, aged 26 - 40 years, which was held in March 2021, it was found that the five most sought-after topics during the pandemic were COVID-19 (33 percent). ), investment (28 percent), entertainment streaming (10 percent), business (8 percent), and financial planning (7 percent).

Still in the same study, the digital savvy community also reallocated funds that had been prepared for plans delayed due to the pandemic to save (38 percent), investment (24 percent), daily necessities (14 percent), deposits (9 percent), and health (3 percent).

Seeing the need for the digital savvy community for the convenience to start investing, at the beginning of this year Jenius presented the latest feature, namely Investment. This new feature makes it easier for users to access mutual fund products from a variety of selected investment managers.

Jenius also provides investment allocation recommendations based on the user's risk profile that can be taken into consideration before purchasing mutual funds so that investment is more optimal. Not only that, users can also make transactions more easily because they only need to move funds from their Active Balance without the need to switch applications.

The investment feature in Jenius also provides a composition of investment product categories for users to use as a reference. Jenius has prepared this portfolio composition according to the risk profile of each user, so that investments can grow more optimally. Currently, there are 17 mutual fund investment products from three investment managers, namely Ashmore, Mandiri, and Schroders, as well as four product categories, namely money market, short-term bonds, long-term bonds, and equities.

The newest feature of Investing in Jenius provides users with a simple way, starting from simple opening a mutual fund account, simple choosing products, simple transactions, to simple portfolio monitoring directly from the Jenius application. Users can simply start investing, users can access the Investment feature through the Wealth menu in the Jenius application, then take a risk profile quiz to find out which investment products are suitable based on the level of tolerance for investment risk.

There are six questions related to investing experience, plans and goals that need to be answered. After filling out this risk profile quiz, Jenius will inform the user's risk profile, namely, conservative, moderate conservative, moderate, moderate aggressive, and aggressive.

Furthermore, to open a mutual fund account at Jenius, users only need to fill in questions regarding their recent education and agree to the terms and conditions. The process of opening a mutual fund account is divided into three stages, namely submission, data verification, and application approval. The verification process itself takes a maximum of two trading days. After that, Jenius will send a notification that the status of the mutual fund account has been verified successfully.

Then users can also simply choose mutual fund products. Users can create a portfolio by providing a portfolio name according to the financial goals they want to achieve.

There are two methods that can be used when searching for mutual fund products at Jenius, namely by investment manager and product category. Furthermore, users can make simple transactions, because the process of buying mutual funds in the Jenius application directly takes funds from Active Balance without the need for money transfers or e-Wallet top ups.

For the sales process, users only need to select the mutual funds they want to sell and then enter the verification stage, and the sale has been successfully processed. Each investment manager at Jenius also offers convenience in terms of minimum purchases. With this Investment feature, users can invest in mutual funds without large capital, users can invest in mutual funds starting from Rp. 10,000.

Users can also simply monitor investment products at Jenius, simply by accessing the Wealth page in the Jenius application to view information related to portfolio performance, such as Total Investment-total investment owned and Total Investment Return-return information in Rupiah along with the percentage value.

"The launch of the Investment feature at Jenius shows real evidence of Jenius' commitment to become a more complete life finance solution so that it continues to be relevant to the needs of the digital savvy community in Indonesia. In the future, we hope to continue to grow and present new innovations, of course through the process co-creation and collaboration," concluded Waasi.