Tag "Siam Commercial Bank"
SCB and Thai Central Bank Pilots Retail CBDC App
Siam Commercial Bank (SCB) and the Bank of Thailand (BOT) have developed an app as part of a retail Central Bank Digital Currency (CBDC) pilot project. The pilot programme is limited to a select group of whitelisted participants who will
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SCBX, KakaoBank Gears up to Apply for Virtual Bank License From Bank of Thailand
SCBX, the financial technology business group of Siam Commercial Bank, announced its readiness to apply for a license to establish a virtual bank with South Korean digital bank KakaoBank. This partnership involves the formation of a consortium, in with SCBX
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Siam Commercial Bank’s VC Arm Grabs 2nd Spot in Global Fintech Investor Ranking
SCB 10X, the venture arm of Siam Commercial Bank (SCB), was ranked second in Global Corporate Venture Capital (CVC) investing in fintech startups and eighth among global CVCs in a report published by CB Insights, a global analytics platform for
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Siam Commercial Bank Pours in US$100 Million Into Indonesia’s Akulaku
Akulaku, an Indonesian Buy Now Pay Later (BNPL) player, announced that it has received US$100 million from the Siam Commercial Bank (SCB). This follows Akulaku’s successful fundraise of US$125 million in 2021 that was co-led by Silverhorn Group who was
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Bitkub Minted as Thai’s First Crypto Unicorn With SCB’s US$535 Million Deal
SCBx Group, the holding company of Siam Commercial Bank (SCB), announced that it has acquired a 51% stake in Thailand’s digital asset exchange Bitkub for approximately 17.85 billion baht (US$535.9 million), in a push into the digital assets business. This
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Siam Commercial Bank’s VC Arm to Invest In DeFi Asset Aggregator Ape Board
SCB 10X, the venture arm of Siam Commercial Bank, has announced its latest investment in the decentralised finance (DeFi) sector via asset aggregator and portfolio dashboard, Ape Board. The company, which now has more than 350,000 users, within 4 months
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Thai’s Oldest Banks Teams up With Ripple For Remittance
Thailand’s oldest bank has partnered with Ripple to create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. Eight of the top ten countries using mobile payments can be found in Asia. According to a recent
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SCB Launches Robo Advisor in Thailand, Targets 100,000 New Customers by 2020
SCB Securities (SCBS) announced this week that they have jointly launched a robo-advisor on its Easy Invest app. Jointly developed with SCB 10X, the service features automatic mutual fund portfolio design and management using AI. Requiring only a 3,000-baht initial
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16 Asia/Pacific Banking & Financial Services Leaders in 2018
IDC Financial Insights announced the 16 winners of the annual Financial Insights Innovation Awards (FIIA) at the Asian Financial Services Congress 2018. This year’s recipients were chosen for setting technological and business precedents to drive new, successful practices within their
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8 Fintech Startups Enter The FinTech Innovation Lab Asia-Pacific
The startups will undergo a 12-week mentorship programme led by senior financial executives in a series of workshops at the Hong Kong-based tech business park Cyberport to commercialise their products. 8 leading financial technology (fintech) companies today begin a 12-week mentorship
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