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LIFE

KBank's tech arm to put AI at forefront of K Plus app

Business, Somruedi Banchongduang, Published on 14/03/2018

» Kasikorn Business Technology Group (KBTG), a subsidiary of Kasikornbank (KBank), plans to integrate artificial intelligence (AI) technology into the bank's mobile app with the aim of upgrading to a real digital bank in the next three years.

BUSINESS

Firms urged to use PromptPay

Business, Somruedi Banchongduang, Published on 15/03/2018

» The Bank of Thailand is emphasising PromptPay-based electronic payments for corporations in an effort to transform the country into a cashless society after the consumer-to-consumer (C2C) money transfer service has shown positive signs.

BUSINESS

BoT on verge of raising growth view

Business, Somruedi Banchongduang, Published on 16/03/2018

» The Bank of Thailand is likely to upgrade its economic growth forecast for this year at the policy rate meeting on March 28 after the economy fared better than expected, its chief says.

BUSINESS

Smaller banks aim for firm loan growth

Business, Somruedi Banchongduang, Published on 19/03/2018

» Small and mid-sized banks have set ambitious targets for growth of small- and medium-sized enterprise (SME) loans this year, in light of the economic recovery and decreasing bad loans in the business segment.

LIFE

BoT plans overhaul with blockchain

Business, Somruedi Banchongduang, Published on 20/03/2018

» The Bank of Thailand plans to adopt blockchain technology for its bond issuance and wholesale central bank digital currency, an interbank payment system.

BUSINESS

BBL expects other digital players to follow lead of Thai TV

Business, Somruedi Banchongduang, Published on 20/03/2018

» Other financially ailing digital TV operators are likely to follow Thai TV's footsteps in returning their licences if the recent verdict by the Central Administrative Court is upheld, voiding the National Broadcasting and Telecommunications Commission's (NBTC) demand for licence payments, says a senior official at Bangkok Bank (BBL).

BUSINESS

TBank's cross-border QR due for May start

Business, Somruedi Banchongduang, Published on 21/03/2018

» Thanachart Bank (TBank) plans to introduce the country's first cross-border QR code payment service in May based on the PromptPay platform, enabling foreigners to make payments in Thailand by scanning a barcode. The move is expected to pave the way for the country to become the region's cross-border payment hub.

BUSINESS

Krungsri Auto targets 15% increase in online lending

Business, Somruedi Banchongduang, Published on 22/03/2018

» Krungsri Auto, a leading automotive lender under Bank of Ayudhya, aims for 7% loan portfolio growth and a 15% boost in online lending this year.

BUSINESS

Survey: Young borrowers pose higher risk

Business, Somruedi Banchongduang, Published on 23/03/2018

» Credit card and auto loans secured by individual borrowers aged below 25 and those living in major cities pose a higher risk to asset quality, says the central bank's think tank.

BUSINESS

Amended NCB Act tipped to include fintech firms

Business, Somruedi Banchongduang, Published on 26/03/2018

» The Bank of Thailand has already proposed to the Finance Ministry the amended draft of the National Credit Bureau (NCB) Act to enable fintech companies to be members of the country's sole credit information centre in an effort to let the bureau have more comprehensive credit information amid increasing digital lending.