The Siam Commercial Bank (SCB) is set to modernise its core banking system through a new partnership with Sunline, a global provider of banking technology services. This is said to be SCB’s first IT architecture revamp in over a decade.
This collaboration aims to enhance SCB’s IT architecture, improving financial transaction processing for deposits and loans with better efficiency, stability, security, and scalability to meet increasing transaction volumes.
The partnership aligns with SCB’s “Digital Bank with Human Touch” strategy, focusing on providing tailored financial solutions to both individual and corporate clients.
The modernisation project, expected to take four years, positions SCB to strengthen its leadership as a full-fledged digital banking entity.
Kris Chantanotoke, Chief Executive Officer of SCB, said,
“The partnership will lead to the modernisation of SCB’s core banking system to deliver better financial transaction processing performance, such as deposits and loans with enhanced efficiency, stability, security, availability, and scalability to cater to an ever-increasing number of transactions 24/7.
This strategic partnership will enable SCB to quickly offer tailored financial solutions and seamless experiences to individual customers and corporate clients. Not only will this strengthen SCB’s core IT infrastructure, it will also sets a new benchmark for the finance industry on both the domestic and global levels, as we are committed to delivering excellence in the customer experience.”
Avy Lim, Group Executive Vice President of Shenzhen Sunline Technology and Deputy Chairman of Sunline Holding added,
“As a leading provider of banking IT solutions and services with over two decades of experience, we are committed to creating financial industry-focused solutions for the future world. We are honored to partner with SCB. This is our first key step as a tech partner from China, partnering with SCB on its core banking system modernisation to enhance its efficiency.
This partnership is a testament to our commitment in developing advanced banking IT solutions and revolutionising the banking landscape, as we bring Thailand’s core banking infrastructure to the forefront of global banking excellence.”
Featured image: Kris Chantanotoke, (2nd from right) CEO, and Orapong Thien-ngern, (right) President and Chief Technology Officer of SCB along with Jameson Li, (2nd from left) Group Chief Executive Officer of Shenzhen Sunline Technology, and Avy Lim, (left) Group Executive Vice President of Shenzhen Sunline Technology and Deputy Chairman of Sunline Holding, jointly announced the collaboration recently at Siam Commercial Bank.
