Thailand’s Krungsri teams up with American software development company Informatica to tighten data governance and speed up its digital banking push in Thailand.

As part of its digital transformation, the bank is consolidating and managing data previously scattered across business units to improve security, privacy and regulatory compliance.

The bank is adopting Informatica’s Cloud Data Governance and Catalog and Cloud Data Quality products, built on the AI-powered Intelligent Data Management Cloud platform.

This follows its shift to a hybrid cloud environment on Amazon Web Services (AWS).

The tools are designed to help Krungsri address data discovery, metadata management and data quality issues while enhancing trust in its operations.

“Recognising the pivotal role of data in the banking sector, Krungsri strategically adopts these advanced data governance solutions to enhance data quality, accessibility and integrity.

With a scalable and robust governance framework underpinning our cloud-enabled, secure technology infrastructure, we are not only helping to ensure regulatory compliance and boosting operational efficiency but also driving customer-centric innovation and superior customer service to reinforce our leadership in the financial industry.”

said Tul Roteseree, Head of Enterprise Data and Analytics Group at Krungsri.

“Krungsri’s transformation journey demonstrates how strategic data governance, enabled through our partnership, can help large financial institutions to navigate complex data landscapes, accelerate innovation and realise meaningful operational value.

With Informatica as a trusted partner, Krungsri is leading the way in making banking in Thailand truly data-driven and AI-enabled,”

said Steven Seah, Vice President for Informatica ASEAN, India and Korea.

Featured image: Edited by Fintech News Singapore, based on image by chocorutn via Freepik