Thailand
AWS Powers Krungsri’s Transformation Into an AI-Driven Bank
Thailand’s Bank of Ayudhya Public Company Limited, commonly known as Krungsri Bank, has selected Amazon Web Services (AWS) to power its digital transformation efforts. Ranking among the top five banks in Thailand, Krungsri is working with AWS to leverage data
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Zipmex Halts Trading in Thailand Amidst SEC Probe
Cryptocurrency exchange Zipmex has initiated a temporary suspension in the trading and depositing of all types of assets from 25 November 2023, at 1:00 PM following a probe by the Thailand’s Securities and Exchange Commission (SEC). During the suspension period,
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KASIKORNBANK Increases Stake in Indonesia’s Bank Maspion to 84.55%
KASIKORNBANK Financial Conglomerate, through its subsidiaries, has increased its investment in PT Bank Maspion Indonesia Tbk, raising its ownership to 84.55% to be its largest shareholder. This is in line with KBank’s goal of becoming the largest bank in East
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WorldFirst to Extend E-Commerce Solutions to 4 Southeast Asian Markets
WorldFirst, a digital payment and financial services provider for small and medium-sized enterprises (SMEs) engaged in cross-border trade, has revealed plans to extend its e-commerce digital finance solutions to additional markets in Southeast Asia in 2023 and 2024. This expansion
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Thailand’s KBank Buys 97% Stake in Crypto Exchange Satang, Renames It Orbix
Thailand’s KASIKORNBANK (KBank) has acquired a 97% stake in the parent firm of crypto exchange Satang for 3.705 billion Thai baht (US$102.8 million). The bank intends to rename the crypto exchange to Orbix Trade Company, according to a filing to the Stock
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Backbase’s ENGAGE Asia 2023 to Kick off in Bangkok This November
Banking leaders find themselves at that pivotal time of the year when they must strategise their transformation goals for the upcoming year. In Asia, digital banking has become ingrained in consumers’ lifestyles, evolving into a core expectation and a decisive
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Top 5 Thai Fintechs We Think Will Make Waves in 2024
Thailand is home to a vibrant and rapidly evolving fintech sector, an industry that’s grown throughout the years on the back of supportive government initiatives, a growing middle class and increased digital penetration, as well as a burgeoning ecosystem of
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Igloo Names John Chen as Country Manager for Thailand
Regional insurtech Igloo has named John Chen as its Country Manager for Thailand with the aim to strengthen its presence in that market. Chen will be responsible for strengthening Igloo’s presence in Thailand by growing the business, establishing strategic partnerships,
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New Startup Map Showcases Thailand’s Growing Fintech Startup Ecosystem
Despite being somewhat of a laggard compared with the likes of Indonesia and Singapore, Thailand’s fintech industry is developing well and featuring today some 107 startups, a new startup map released by the Fintech News Network shows. The Fintech Thailand
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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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