Thailand
Siam Commercial Bank’s Venture Arm Launches $50 Million Fund for Blockchain Startups
SCB 10X, a subsidiary of Siam Commercial Bank, has set up a new $50 million venture capital fund will invest in both early and growth stage startups globally that are dedicated to blockchain, decentralised finance (DeFi), and digital assets. This
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Funding Societies Notched up Its 4th Market With Thailand Expansion
Funding Societies, Southeast Asian SME digital financing platform, has launched in Thailand and will operate under the debt-crowdfunding license given by Thailand’s Securities and Exchange Commission. This expansion comes after more than one year of working with Thai regulators and
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Validus’ Thai Entity Secures Crowdfunding License From Local Regulator
SME crowdfunding platform Siam Validus has been granted a debenture crowdfunding license by the Securities and Exchange Commission of Thailand (SEC). Siam Validus is a joint venture between Singaporean SME financing platform Validus and SCG Distribution, a Thailand company focused
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eKYC to Fuel Asia’s Digital Banking Revolution
In Southeast Asia, governments are pushing for greater adoption of digital financial services by introducing favorable regulations on digital onboarding, digital banking, and more, experts said on December 3, 2020. During a virtual panel discussion with Fintech News last week,
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Bangkok Bank Co-Develops Thai Language AI Chatbot With Pand.ai
Bangkok Bank PLC announced the launch of its Thai language Artificial Intelligence (AI) powered chatbot that was built in-house in a joint collaboration with Singapore-based fintech startup Pand.ai. The chatbot called TT01 was a result of Bangkok Bank’s innovation programme,
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Singapore and Thailand to Enable Cross Border Payments Using Only Mobile Numbers in 2021
During the Singapore Fintech Festival 2020, Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS) announced that the regulator has made significant headway in the linkage between Singapore’s and Thailand’s national payment systems; PayNow and PromptPay respectively. Monetary Authority of
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Rapyd Kicks off in Thailand Partnering Leading Thai Payment Solution Providers
Rapyd, a Fintech-as-a-Service company, has announced the launch of its ‘all-in-one’ suite of payment capabilities in Thailand which is its seventh global market. Rapyd’s solution is a comprehensive set of local and international payment methods that includes local ewallets, bank
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Blockchain Firm Lightnet Group Partners SCB to Ease Remittance Access in Thailand
Blockchain firm Lightnet Group, has announced a partnership with Siam Commercial Bank (SCB). The partnership will reportedly enable remittance services to become accessible to all Thai bank accounts and anyone who has signed up for PromptPay, a government-sponsored service that
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Fintech Thailand Startup Map 2020 Showcases Growing Industry
Over the past years, the Thai fintech ecosystem has grown steadily, now boasting some 96 startups, according to Fintech News’ latest Fintech Thailand Startup Map draft. The map showcases the domestic fintech startup ecosystem which includes startups operating in payments
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Lu International, KASIKORNBANK Launched Online Wealth Management Platform FinVest
Lu International, a subsidiary of Chinese personal financial services platform Lufax Holding, and KASIKORNBANK have launched FinVest, an online wealth management platform. They had announced their partnership back in August, teasing the release of the platform. The new digital investment
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