Showing 1 - 10 of 178
SCB welcomes digital transformation
Business, Somruedi Banchongduang, Published on 03/12/2024
» Siam Commercial Bank (SCB) is revamping its core banking system, aiming to enhance its digital banking services and address rising competition from virtual banks.
AI in trade, industry set to increase Thai GDP by 6%
Business, Suchit Leesa-nguansuk, Published on 14/11/2024
» Generative artificial intelligence (GenAI) is projected to raise Thailand's GDP by 6% by 2030, with hefty contributions from the trade and manufacturing sectors, according to a joint online survey by SCB X and SCB Economic Intelligence Center (SCB EIC).
Seminar highlights country's AI progress
Business, Suchit Leesa-nguansuk, Published on 01/11/2024
» Thailand's public and private organisations are adopting artificial intelligence (AI) technology and regulations in many areas in line with the global trend, according to a recent seminar.
Tax measures to incentivise digital training
Business, Suchit Leesa-nguansuk, Published on 01/11/2024
» The Digital Economy Promotion Agency (Depa) will promote tax incentive measures to encourage individuals to personally upskill themselves in the field of digital knowledge.
Banks post modest increase in profits
Business, Somruedi Banchongduang, Published on 22/10/2024
» The banking sector reported a modest increase in profits for the first nine months of 2024, driven by gains in both interest and fee income, while continuing to allocate substantial reserves for loan losses in preparation for heightened uncertainties.
SCB tie-up offers nation's first stablecoin
Business, Nareerat Wiriyapong, Published on 18/10/2024
» Siam Commercial Bank (SCB) has partnered with Lightnet, a fintech company co-founded by Chatchaval Jiaravanon, to launch Thailand's first stablecoin, which is a digital asset pegged to gold or the dollar for cross-border payments and remittances.
Big outlay for virtual banks
Business, Nareerat Wiriyapong, Published on 17/10/2024
» The three consortiums awarded virtual bank licences are projected to spend up to 5.7 billion baht in just one year from mid-2025 to develop digital platforms and offer products similar to their mobile banking counterparts, says Maybank Securities (Thailand).
SCB X adjusts spotlight to foreign fintech firms
Somruedi Banchongduang, Published on 09/10/2024
» SCB X, a leading Thai financial technology group and the holding company of Siam Commercial Bank, is focused on investing in fintech firms across Southeast Asia and beyond, prioritising higher returns on investment over traditional banking ventures.
Robinhood app purchase to sustain healthy competition
Business, Suchit Leesa-nguansuk, Published on 02/10/2024
» Thailand's on-demand delivery sector should see healthy competition with the Robinhood food delivery app remaining in the market, say industry observers.
Thai fintech group SCB X sells Robinhood app for B2bn
Suchit Leesa-nguansuk, Published on 30/09/2024
» SCB X Plc, a leading Thai financial technology group, has sold Purple Ventures Co Ltd, the provider of the Robinhood application, to a group of investors led by Yip In Tsoi Group.