Thailand
Kasikornbank unveils facial recognition tech for Boonterm kiosks
Kasikornbank unveils facial recognition tech for Boonterm kiosks
It will allow customers to access financial services across 1,300 Boonterm kiosks.
Thai banks' earnings down 20% in Q2: UOBKH
But banks may be able to pay dividends due to their solid capital.
MUFG to expand lending business in Thailand with Grab investment
Chief executive Hironori Kamezawa hinted on shifts in their overseas strategy.
Thai central bank not dismissing further monetary easing
It has already cut the interest rate thrice to 0.5%.
Siam Commercial Bank launches joint home loan scheme
It offers home loan options for Thai couples buying their first home with Sansiri.
Eight in 10 SMEs in ASEAN rely on technology for cash flow woes
Technology is the top investment priority by most of the respondents.
UOB names Kevin Lam as TMRW head
He is currently UOB Indonesia’s country CEO.
Thailand permits non-bank firms to provide foreign e-money
An operator must have a minimum registered paid-up capital of $3m (THB100m).
Thai banks see support in regulator's dividend restrictions: Fitch
This will help them maintain necessary resources to support lending activity.
Siam Commercial Bank launches trade package for SMEs
The bank has allotted nearly $129.7m in loans for SMES in the export sector.
Thai fintech SYNQA raises $80m in series C funding round
SCB 10X and SPARX Group led the funding round.
Thai central bank tells lenders to freeze dividend payments
Banks are required to prepare capital management plans for the next 1-3 years.
Volatility spells investment losses for Thai non-bank financial firms
Higher NPLs and credit costs may set in once measures expire.
Thai banks' Q1 earnings down 8% YoY to $1.12b
The sector saw a 20-25bps growth in loan yield.
Krung Thai Bank's Q1 net profit slips 17% YoY to $187m
Higher provisions against rising NPLs triggered the fall.
Hurdles ahead for Thai banks as Q1 profit drops 13%: analyst
Loan demand and NIMs are under threat because of the pandemic.
Open source drives digital banking fanfare in ASEAN
Traditional banks are embracing open source solutions and reaping the benefits of increased market agility.
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