Saturday, 09 July 2022, 1:40 p.m.
“SCB TechX” (SCB TechX), a company specializing in digital technology Under the SCB X Group (SCBX) joins forces with 3 leading partners “Mambu”, a SaaS financial transaction service provider on the Cloud Banking Platform. Publicis Sapient, a specialist providing consulting services to drive business digital transformation; and Amazon Web Services (AWS), a provider of comprehensive cloud platform and Most used in the world organize seminars to educate and create an understanding of digital lending (Digital Lending) under the topic “Revolutionising Digital Lending for Thailand’s Sustainable Future Economy” for corporate executives including companies that are interested in doing business in nano finance (Retail Loans for Occupation) and Pico Finance (Provincial-level microfinance under supervision) aims to raise awareness of global changes in both digital and sustainability issues that affect the financial sector. Especially in regards to digital lending that brings opportunities to develop financial services. The content of the event covers the growing demand for digital loans. and delving into business opportunities amid fierce competition as well as preparing for more open competition in Thailand
Mr. Trairat Suwanprateep, Chief Executive Officer of SCB TechX Company Limited (SCB TechX), said, “SCB TechX’s role is to create new capabilities in digital technology, platforms and modern innovations. To help expand and create new business for partners and organizations One of the business groups that we would like to mention is the microfinance business. Microfinance Microfinance services such as deposits, lending, and money transfers for low-income customers and small businesses who do not have access to traditional banking and related services. We focus on credit for this group of customers. Because it is a group that has continued to grow. For Thailand, it can be divided into 3 main categories depending on the approved credit limit. and the purpose of using the money as follows: 1. Nano Finance, microfinance for occupation The maximum limit is not more than 100,000 baht, 2. Pico Finance, provincial-level micro-loans under supervision with a maximum limit of 100,000 baht, and 3. Digital Personal Loan using alternative information for approval. credit The maximum limit is not more than 20,000 baht.
“According to the Bloomberg website, the overall microfinance market in Thailand is approximately 200 billion baht, while at the same time, more than 18% of Thai people do not have access to financial sources in the system and therefore rely on informal loans. The market for informal loans is more than 1 trillion baht. This figure indicates that the nano-loan market And Pico Finance has the opportunity to continue to grow following the Covid-19 epidemic situation subsides. For this reason, SCB TechX sees the opportunity. and the growth potential of the digital loan market in Thailand We are ready to give advice. system and platform development as well as connecting business alliances that will help meet the needs of Nano and Pico Finance service providers as well. With the aim of increasing the opportunity for Thai people to have access to financial services in the system more thoroughly. And we are ready to play a part in driving sustainability in the economic and financial system and in the further development of the country,” added Mr. Trairat.
Myles Bertrand, Managing Director, Asia-Pacific, Mambu, said: “With regulations, regulations and demand rising amid fierce competition in the market, “Fast work process Agility is therefore a key factor in building a competitive edge in the Asia-Pacific lending industry. Thailand is the market leader in microfinance business (SME), as evidenced by the use of loans that account for more than half of all loan types. Change and reduce steps less and faster This includes credit review and approval and creating the best customer experience. It also helps manage disclosure risks and compliance with credit approval rules and regulations during times of adjustment. The flexibility of the service platform is essential to helping financial institutions survive and prosper. And with Mambu’s cloud platform, loan providers will be able to provide their customers with new features. flexible fast and safe able to meet the needs of consumers that change quickly.”
Emma Scales, Managing Director, ASEAN Publicis Sepiant, said: “More than a third of the adult population in Southeast Asia is unbanked or has a bank account but does not have access to financial products. other (underbanked) Thailand is another country where the financial industry has great opportunities for growth. Consistent with the qualitative study of Publicis Sapien, it was found that Thai people have diverse personal, family and business financial needs. depending on age each person’s way of life as well as the growth cycle. SCB TechX, as a joint venture company between SCBX Group and Publicis Sapient within the Publicis Group, aims to become one of the The biggest and best technology company in ASEAN We are behind a successful platform in a wide range of businesses ranging from Food delivery business, health application credit products and online travel services that uses the Gamification strategy to attract consumers in a new way with a new way of thinking in banking to create engagement that is more in line with the lifestyles of customers in the new era. In addition, we also have a self-service platform that can develop and deploy a large amount of candidate data quickly, completely, and with high security. provide services for banks and those who operate digital lending businesses as well.”
Mr. Watson Thiraphattaphong, Managing Director of Amazon Web Services (Thailand) Co., Ltd., said, “Cloud computing has played a very important role in the transformation of the financial sector. We are delighted to be involved in supporting SCB TechX to create innovations in digital lending. The partnership with AWS will provide SCB TechX, Publicis Sepiant and Mambu access to more than 200 cloud services, including leading cloud security standards. and AWS Global Infrastructure. We are committed to continuing to support SCB TechX, Publicis, Sepiant, and Mambu. to increase access to financial innovation in Thailand.”
The event was also honored by high-level executives with expertise and experience in the FinTech industry to participate in this seminar, namely Mr. Pham Quang Minh, General Manager. in Thailand and Vietnam of Mambu, Mr. Jonathan Sharp, Chief Technology Officer, SCB TechX Company Limited, Ms. Jatuporn Pim-ngern, Business Development and Intelligence Executive DeeMoney service providers, Mr. Narongrit Intasanta, Senior Solution Architect from AWS, Luca Durisotto, ASEAN Digital banking Lead from AWS, and Ms. Thiranan Aroonwattana. Gul, Chief Operating Officer (COO) of Munix Company Limited (MONIX), shared knowledge, concepts and experiences on the open opportunities to operate neobanking services in Thailand. and revealing opportunities for utilization of technology and information in the financial sector for entrepreneurs interested in digital credit business
