BankingFeaturedSiam Commercial launches cross-border payments to KoreaPritam BordoloiDecember 14, 2020 by Pritam BordoloiDecember 14, 2020 Siam partnered with Lightnet to provide cross-border fund transfer services from South Korea to Thailand... Read more
FeaturedFintechThai fintech Synqa secures $80 mn funding to enhance its techPritam BordoloiJune 23, 2020 by Pritam BordoloiJune 23, 2020 The funding round was led by Siam Commercial Bank's venture capital subsidiary SCB 10X and Sparx Group... Read more
FeaturedInsuranceFWD to sell TMB bancassurance contract to Prudential for $630 mnInternational Finance Business DeskMarch 24, 2020March 25, 2020 by International Finance Business DeskMarch 24, 2020March 25, 2020 Prudential’s Thai unit will acquire FWD’s exclusive rights to sell life insurance products using TMB Bank’s platform... Read more
FeaturedFintechThailand to introduce QR code for cross-border payments in AseanPritam BordoloiFebruary 12, 2020February 12, 2020 by Pritam BordoloiFebruary 12, 2020February 12, 2020 Cross- border QR code payments to Singapore, Myanmar and Cambodia will be available by mid-2020... Read more
FeaturedTechnologySiam Commercial Bank uses facial recognition to open accounts at 7-ElevenInternational FinanceFebruary 10, 2020September 29, 2021 by International FinanceFebruary 10, 2020September 29, 2021 The facial recognition technology will be used to verify the customers’ identification... Read more
BankingSiam Commercial plans fintech spin off to become digital leaderInternational Finance DeskNovember 22, 2019 by International Finance DeskNovember 22, 2019 The bank aims to transform one of its fintech units into a unicorn, or private company with $1 bn valuation... Read more
BankingSiam Commercial Bank’s investment in Go-Jek will boost online growthInternational Finance DeskJuly 10, 2019December 16, 2019 by International Finance DeskJuly 10, 2019December 16, 2019 The lender is focused on direct investments rather than fund-of-fund investments to bolster digital transformation strategy... Read more
InsuranceFWD Group buying Siam Commercial Bank’s insurance unit for $3 bnInternational Finance DeskJuly 2, 2019December 2, 2019 by International Finance DeskJuly 2, 2019December 2, 2019 The deal is Southeast Asia's largest insurance M&A deal as the region continues to attract foreign insurers... Read more