First Bank In Thailand To Use Facial Recognition To Open Accounts Krungsri Bank has introduced facial recognition for verifying the identities of its customers Krungsri (Bank of Ayudhya) has introduced facial recognition through electronic Know Your Customer (e-KYC) technology for verifying the identities of people as they open a deposit account. Under the Bank of Thailand’s…
Krung Thai Bank Public Company Limited (KTB) Plunges -1.04% on Mar 3 Shares of Krung Thai Bank Public Company Limited (BKK:KTB) last traded at 19.1, representing a move of -1.04%, or -0.2 per share, on volume of 41.92 million shares. After opening the trading day at 19.4, shares of Krung Thai Bank Public Company Limited…
$11.7 Trillion Rated Debt Have High Risk Exposure To Cyber-Attacks As the potential for significant cyberattacks rises globally, the growing intersection of supply chains, connectivity and access to data is creating new vulnerabilities for governments and businesses. “We view cyber risk as event risk that can have material impact on sectors and individual issuers,” Moody’s…
Thailand’s TMB and Thanachart bank sign $4 billion merger MOU BANGKOK (Reuters) – Thailand’s TMB Bank said on Tuesday it signed a non-binding agreement to merge with Thanachart Bank in a deal worth up to 140 billion baht ($4.47 billion), which would make the new entity the sixth largest bank in the country. The planned…
UOB Launches Mobile-Only Bank In Thailand Thailand’s digital generation will be the first consumers in ASEAN to experience TMRW, a digital bank powered by United Overseas Bank (UOB). According to a press release issued by UOB, TMRW aims to make banking simpler, more transparent and more engaging for its customers through the use of data.…
Relentless Rise Of Thai Baht Causes Exporting Concerns Commerce Ministry officials fear that continued currency strength could hinder Thai exports. The Thai baht has been relentless in its pursuit of the dollar, with the baht set to finish the financial year once again as one of Asia’s strongest performing currencies. The Thai baht’s climb against…
Thailand Leads Mobile Banking Penetration That is well ahead of the global rate of 41% and higher than China, at 61% Among Thailand’s internet users, 74% access banking services via mobile devices, according to the annual Global Digital Report 2019 from social media management platform Hootsuite and digital marketing agency We Are Social. That puts…
Thai central bank seen holding fire after December hike Thailand’s central bank is all but certain to hold its key interest rate steady on Wednesday after December’s tightening, pausing to support a slowing economy in the face of growing external risks. All 20 economists surveyed by Reuters predicted the Bank of Thailand (BOT)’s monetary policy…
Kasikornbank (KBank) has announced a mission to forge a brand-new banking business, in order to be more robust at home and ready to make greater inroads abroad. In so doing, KBank has integrated data, human resources and business partners to personalise services that meet the needs of customers residing anywhere. The bank is aiming for…
NINE commercial banks and two state banks have reported a combined net profit of Bt218.29 billion last year, representing a rise of 5.3 per cent from the previous year. Of the nine commercial banks, seven posted growth in net profit while two others – Siam Commercial Bank and CIMB (Thai) Bank – saw declines. Two…