Showing 1 - 10 of 40
SCB X plans to harness AI for virtual bank
Business, Somruedi Banchongduang, Published on 29/07/2025
» SCB X, the technology conglomerate and holding company of Siam Commercial Bank (SCB), is set to launch its virtual bank under the "AI Native Bank" concept.
Two giants, one vision: SCB WEALTH and BlackRock forge global investment power for Thai investors
Business, Somruedi Banchongduang, Published on 13/05/2025
» SCB WEALTH, a key business unit of SCB, is dedicated to enhancing the wealth of Thai investors and expanding opportunities for global investments. SCB launched partnership with BlackRock who is the world’s largest asset management company. By partnering with BlackRock, a company that shares the same business philosophy, both organizations emphasize the customer-centric approach, focusing on developing investment products that truly meet clients’ needs. SCB WEALTH views wealth management as a long-term investment, ensuring a strong financial future under the concept of “Your Success. Our Success.”
Bank of Thailand chief says local focus key to growth
Business, Somruedi Banchongduang, Published on 14/09/2024
» Domestic resilience and the strength of the local economy will be key to sustaining Thailand's economic growth in the long term, especially amid a slowdown in foreign direct investment (FDI), according to the Bank of Thailand chief.
Escaping the debt cycle
Business, Somruedi Banchongduang, Published on 15/07/2024
» A 25-year-old woman's struggles with debt of 307,000 baht went viral on social media recently when she asked for advice on how to manage what she owed. She earns 22,000 baht per month, with 6,000 baht going towards rent and 3,000 baht monthly for motorcycle loan payments.
Ttb set to roll out nanofinance service in April
Business, Somruedi Banchongduang, Published on 28/03/2024
» TMBThanachart Bank (ttb) is scheduled to introduce a nanofinance service next month, employing a risk-based pricing (RBP) approach in preparation for the central bank's new lending model.
BoT delays publication of virtual bank rules to Q3
Business, Somruedi Banchongduang, Published on 26/04/2023
» The Bank of Thailand has postponed the issuance of virtual bank regulations until the third quarter of this year because it needs more time to clarify the new business licensing with related parties.
Banks still discussing JV-AMC feasibility
Business, Somruedi Banchongduang, Published on 20/02/2023
» Banks remain interested in setting up joint venture asset management companies (JV-AMCs) as an option to manage their non-performing loans (NPLs).
Lenders demand access to utility bill data
Business, Somruedi Banchongduang, Published on 23/12/2022
» The Thai Bankers' Association (TBA) plans to continue its push for the incorporation of data from utility bills into the National Credit Bureau (NCB) database as an alternative source for banks to consult when extending loans to the underbanked segment.
Easy loans for all
Business, Somruedi Banchongduang, Published on 08/08/2022
» Major banks have continued to tap the underbanked, aiming to promote financial inclusion and further expand their customer base.
Krungsri targets 15m customers
Business, Somruedi Banchongduang, Published on 12/05/2022
» Bank of Ayudhya (Krungsri) aims to increase its individual customers to 15 million, with 12 million on its mobile banking platform, in three years.