PT Bank JTrust Indonesia Tbk. (J Trust Bank) signed a partnership with PT Indonusa Bara Sejahtera (Taralite) in providing an information technology based financing facility. Taralite is a Peer-to-Peer (P2P) lending company which facilitates funds between lenders and borrowers who are mostly online business players such as Tokopedia, MatahariMall, Lazada, and others. Taralite is already registered under the Financial Services Authority (FSA).
J Trust Bank expects this partnership will contribute to the growth of the company's business and support the development of financial technology (fintech) in Indonesia. J Trust Bank also believes this fintech will support much to embody financial inclusion in Indonesia which is also the company's goal to be achieved. J Trust Bank will be eager to explore more opportunities to collaborate with fintech companies.
