Tagged: scb

July 20, 2023 @ 5:12 am By Omar Faridi  |  

Shinhan Bank, SCB TechX, and an unnamed financial institution in Taiwan have announced the successful completion of a stablecoin remittance proof-of-concept (PoC) pilot, according to a release. The PoC was reportedly built on the Hedera network, a high-performance blockchain. The pilot was said to have… Read More

March 15, 2022 @ 6:14 pm By Omar Faridi  |  

SCB 10X, a holding company under the Siam Commercial Bank (SCB) Group (BKK: SCB), recently revealed that it would be tapping into the Metaverse. As mentioned in the update, SCB 10X will be introducing its first headquarters in The Sandbox. SCB 10X has also reportedly… Read More

November 24, 2021 @ 11:04 pm By Omar Faridi  |  

Saigon Commercial Bank (SCB) has announced that it has selected BPC as its solution partner in Vietnam, which should accelerate digital transformation in the nation’s fast-growing banking sector. Using BPC’s SmartVista Platform for switching and Card Management system, SCB can offer hyper-personalized services for clients… Read More

November 4, 2021 @ 10:20 pm By Omar Faridi  |  

Thailand’s Siam Commercial Bank (BKK: SCB) revealed that it has acquired a 51% controlling interest in crypto exchange Bitkub for $537 million. As mentioned in the announcement, the acquisition has been finalized with assistance from SCBX. The details were confirmed in October 2021 and Bitkub… Read More

July 16, 2021 @ 5:20 pm By Omar Faridi  |  

SCB 10X, the venture division of Thailand’s Siam Commercial Bank or SCB (BKK: SCB), has confirmed its most-recent investment into the decentralized finance (DeFi) space through asset aggregator and portfolio dashboard provider, Ape Board. The firm, which currently has over 350,000 users, acquired within 4… Read More

February 10, 2021 @ 11:45 pm By Omar Faridi  |  

SCB 10X, a subsidiary of Thailand’s Siam Commercial Bank or SCB (BKK: SCB), has launched a $50 million VC fund that will make strategic investments in early and growth stage startups globally. SCB is looking for initiatives that are focused on blockchain, decentralized finance (DeFi),… Read More

December 13, 2020 @ 6:55 pm By Omar Faridi  |  

Siam Commercial Bank (BKK:SCB) has partnered with Lightnet to provide cross-border fund transfer services from South Korea to Thailand. As a digital banking service provider, Siam Commercial Bank (SCB) is focused on continuously updating its Fintech capabilities. SCB will now be working with the Lightnet… Read More

April 11, 2020 @ 6:53 pm By Omar Faridi  |  

Azimo, an online funds transfer service provider, has teamed up with Thailand’s Siam Commercial Bank (SCB), the nation’s oldest financial institution, in order to introduce an instant international payments gateway from Europe to the Asian country. As mentioned in an announcement made on April 9,… Read More

March 30, 2020 @ 3:03 pm By Omar Faridi  |  

The Siam Commercial Bank (SCB) in Thailand will be launching its Ripple-based consumer international payments mobile app. The SCB, which is one of the country’s largest commercial banks, began using RippleNet (Ripple company’s decentralized network of financial institutions) in order to connect to major banking… Read More

January 27, 2020 @ 5:54 pm By Omar Faridi  |  

The Bank of Thailand is reportedly considering issuing licenses to digital banks, which aim to provide greater financial inclusion while catering to changing consumer requirements in the digital age. New Fintech industry participants are encouraging competition and disruption in Thailand’s banking sector. These startups aim… Read More

January 9, 2020 @ 2:18 pm By JD Alois  |  

Fintech forward bank Siam Commercial Bank (SBC) has partnered with blockchain firm Ripple, according to a blog post. SBC is Thailand’s oldest bank and has established itself as willing to push forward with Fintech partnerships. According to Ripple, SCB and Ripple will work together to… Read More

July 14, 2019 @ 1:12 pm By JD Alois  |  

Digital banking and online lending is a huge portion of the future of finance. The days of brick and mortar dominance is slowly drifting away as the next generation of consumers prefer banking on their iPhone or Android smartphone. Last week, Deutsche Bank announced a… Read More