Jenius from PT Bank BTPN Tbk, a pioneer of digital banking in Indonesia, has made another breakthrough. Jenius’ latest breakthrough is launching the newest feature, Investment. Now, Jenius users can start investing in mutual funds easily and simply directly from the Jenius application.
“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,” said Waasi B. Sumintardja, Digital Banking Business Product Head of Bank BTPN.
Waasi further explained that 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 is Invest, which also further complements a line of other revolutionary features.
The Investment feature makes it easy 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 composition according to the risk profile of each user, so that investment 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 Investment feature at Jenius provides users with a simple way, starting from opening a mutual fund account, choosing a product, making transactions simple, to monitoring portfolios easily. This means that users can “Simple Start Investing”.
In addition, users can also access the Investment feature through the Wealth menu in the Jenius application. Furthermore, users can take a risk profile quiz to find out which investment products are suitable based on their tolerance level 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.
Meanwhile, 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 “Simple Choosing 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 “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.
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,” concluded Waasi.