Tencent Cloud Teams Up with Allo Bank to Energize Digital Banking

CIOTechOutlook Team | Wednesday, 05 July 2023, 06:29 IST

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The leading digital banking platform in Indonesia, Allo Bank, and Tencent Cloud, the cloud division of the multinational internet corporation Tencent, have established a partnership to advance digital banking there. In order to better serve Indonesia's expanding business demands, Tencent Cloud has established two Internet Data Centers there since 2021. Tencent Cloud provides solutions that are tailored precisely to the requirements of Allo Bank by drawing on its extensive experience and local market knowledge.
 
Tencent Cloud has contributed to the improvement of Allo app to accomplish Allo Bank's aim of providing the underbanked population of Indonesia, including tech-savvy young adults, with financial services. Among them is TDSQL, a dependable and expandable database management system with computation and storage capabilities that enables the bank to properly manage massive amounts of data. TDSQL can give higher heavy load performance thanks to its optimized thread pool scheduling techniques, which is essential for handling the enormous amount of transactions handled by Allo Bank.
 
Additionally, TDSQL's availability and data reliability rates of up to 99.99% and 99.99999%, respectively, can aid in ensuring the consistency and security of Allo Bank's data. While TDSQL's compliance with MySQL protocols allows Allo Bank to easily integrate with its current systems and applications, TDSQL's horizontal scalability capacity enables organizations like Allo Bank to expand without experiencing any downtime, making it a worry-free choice for expanding businesses. With the high-performance processing and storage capabilities of TDSQL, Allo Bank can now execute up to 100,000 transactions per day, meeting the daily financial needs of Indonesians.
 
TDSQL can assist Allo Bank in lowering the cost of app download distribution, UAT & Dev Environment, while also delivering app reinforcement and environment security protection solutions that can detect threats on the bank app side by utilizing public cloud capabilities like cloud hosting and CDN.
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