The Stock Exchange of Thailand (SET), in partnership with Bloomberg, has reportedly established a “Fin Lab” in order to support the next generation of capital markets professionals.
Supported with a suite of market data and analytical tools from Bloomberg, the Fin Lab has entered working relationships with eight Universities based in Thailand in order to offer finance students with practical experience of financial markets trading.
SET President Pakorn Peetathawatchai stated:
“Given drastic technology developments and emerging financial innovation, personnel in the capital market, including those who want to become professionals, need to develop and sharpen skills regularly. ‘SET Fin Lab’ is geared up to motivate learning, with real practical exercises.”
Course attendees will be able to update their education with the help of professional training and workshops offered by Bloomberg.
Peetathawatchai added that the main goal of the Lab is to broaden access to capital markets professionals to help enhance their skills in innovative technologies.
As reported recently, Network for Electronic Transfers (NETS), which is Singapore’s payment services group, and National ITMX, Thailand’s inter-bank payment infrastructure and central data processing system, confirmed the expansion of their cross-border QR payment partnership.
This collaboration will aim to support inbound and outbound international payments between Singapore and Thailand.
Singapore’s residents using domestic banking apps, DBS PayLah! and OCBC Pay Anyone, should have the option to scan Thailand’s national PromptPay QR in order to complete payments at more than 8,000,000 retail acceptance points across various tourist destinations like the cities of Bangkok, Pattaya, and Phuket.
In other news from Thailand, it was recently reported that Ms. Vachira Arromdee, Deputy Governor of the Bank of Thailand (BOT), has noted that central banks around the world “have focused closely on the development of Retail CBDC and see the potential of Retail CBDC as being the foundation of the future financial system.”
The BOT has reportedly been “among the first central banks to recognize the importance of CBDC as a novel financial infrastructure, with the potential to increase opportunities for businesses and the general public to have more convenient and greater access to diverse financial services with lower costs.”
In addition to previous Wholesale CBDC projects and Proof-of-Concept Retail CBDC testing with corporates, the BOT “deems it necessary to extend the scope of Retail CBDC development to a Pilot phase in which real-life application of Retail CBDC will be conducted in cooperation with the private sector within a limited scale.”