Finku

Overview of Finku

Finku is a fintech company based in Jakarta, Indonesia, that specializes in providing comprehensive financial management tools to its users. With a team of 50 members, Finku facilitates a single view of finances by integrating accounts from 22 banks, investment platforms, and e-wallets. Available on both Android and iOS platforms, the app aids users in Indonesia by offering features such as automatic transaction recording and categorization, budgeting, and financial goal setting. Finku is registered with the OJK (Financial Services Authority of Indonesia) and is a member of the Indonesian Fintech Association and the Indonesian Joint Funding Fintech Association (AFPI).

Financial Management Tools

Finku offers a plethora of financial management tools to help users gain control over their finances. The platform allows comprehensive account integrations, enabling users to connect their financial accounts for automatic transaction recording and categorization. Budgeting features help users manage their monthly expenses and prevent overspending, while the financial target feature aids in setting and achieving financial goals, like saving for a house or marriage. The Insight Finku feature provides tailored financial advice and promotions aimed at maximizing savings.

Data Security and Privacy

User data security is a top priority at Finku. The platform employs AES-256 encryption technology, a standard used by the military and international banks, to ensure data is securely encrypted and stored. Additionally, Secure Sockets Security (SSL) technology is used to secure data transmission, which can only be accessed with a unique key. Finku guarantees that user data will not be disseminated without user consent. The app also employs a chest-locking mechanism and provides an encryption simulation on its website to demonstrate its security measures.

Transaction Management

Finku handles over 20 million transactions securely every day, simplifying financial management for its users. The platform allows for automatic and free recording of transactions, saving users a significant amount of time. Over 20 million transactions are automatically recorded and categorized, making manual recording obsolete. This feature not only ensures accuracy but also saves users over 10 million minutes. Testimonials from users highlight how this automation and personalized financial advice have been beneficial.

Regional Influence

Although based in Jakarta, Finku has a broader influence across Southeast Asia, offering services to users in Indonesia and partially remote regions. The company's robust infrastructure supports both local and regional users, maintaining compliance with the Financial Services Authority of Indonesia (OJK) and supervision by Kominfo (Ministry of Communication and Informatics of Indonesia). Its membership in the Indonesian Fintech Association further solidifies its credibility and outreach in the fintech sector.