Bank Neo Commerce

Key details

• Parent: Akulaku Group
• Launch: 1989

Overview

Bank Neo Commerce is Indonesian digital-first commercial bank + IDX: BBYB + Akulaku Group Chinese-Indonesian fintech super-app parent ~25%+ controlling + Yuxin Yu Chinese tech entrepreneur + Indonesian retail + institutional + foreign investors free float + one of Indonesia's leading digital-first commercial banks + founded 1989 in Jakarta Indonesia as Bank Yudha Bhakti then 2020 Bank Neo Commerce rebrand + digital-first transformation by Akulaku Group [1, id-cro].

History

1989 — Bank Yudha Bhakti founded in Jakarta Indonesia as Indonesian military-affiliated commercial bank by Indonesian Armed Forces TNI pension fund.

2020 — Bank Neo Commerce rebrand consolidating Bank Yudha Bhakti + digital-first transformation by Akulaku Group Chinese-Indonesian fintech super-app parent distinctive Indonesian digital banking heritage.

Ownership & operator

Operating entity: Bank Neo Commerce BNC (Indonesian digital-first commercial bank; IDX: BBYB).

Major shareholders: Akulaku Group (Chinese-Indonesian fintech super-app parent; Akulaku consumer credit + Akulaku Pay + Asetku investment) ~25%+ controlling + Yuxin Yu (Chinese tech entrepreneur) + Indonesian retail + institutional + foreign investors free float.

Regulators: Otoritas Jasa Keuangan OJK + Bank Indonesia BI.

Technical integration

Neo Bank Mobile app (iOS + Android) + bankneocommerce.co.id online + Bank Neo Commerce digital-first retail commercial banking + limited Indonesian branch network + Neo Visa + Mastercard cards; QRIS (Quick Response Code Indonesian Standard; Indonesian national QR payment scheme) + BI-FAST (Indonesian instant payments) + EMVCo QRCPS QR payments + Indonesian Rupiah IDR domestic transfers; Akulaku Indonesian fintech wallet integration via Akulaku Group parent.

Implementations & partners

Major Indonesian banking + payments competitors: [[bank-rakyat-indonesia]] (BRI) + [[bank-mandiri]] (Bank Mandiri) + [[bank-central-asia]] (BCA) + [[bni-indonesia]] (BNI) + [[bank-jago]] (Bank Jago; IDX: ARTO; GoTo Group parent) + [[seabank-id]] (SeaBank Indonesia; Sea Limited NYSE: SE parent) + [[allo-bank]] (Allo Bank; IDX: BBHI; Mega Corpora + Bukalapak partnership) + [[line-bank-indonesia]] (LINE Bank by Hana Bank Indonesia) + qris (QRIS Indonesian national QR payment scheme).

Regulators: Otoritas Jasa Keuangan OJK + Bank Indonesia BI.

Status

Active, Indonesian digital-first commercial bank + IDX:BBYB + Akulaku Group Chinese-Indonesian fintech super-app parent ~25%+ controlling + Yuxin Yu Chinese tech entrepreneur + one of Indonesia's leading digital-first commercial banks + founded 1989 in Jakarta Indonesia as Bank Yudha Bhakti then 2020 Bank Neo Commerce rebrand + digital-first transformation by Akulaku Group [1, 2].

Sources

• 1 Neo Bank — official
• 2 Neo Bank — Wikipedia
• id-cro In-corpus: reports/countries/ID-indonesia.md

Source

Biography extracted from neo-bank-indonesia.md. See matrix.md for standards-support matrix if present.