Tagged: siam commercial bank

Thailand Fintech SYNQA, Parent of Blockchain Startup OmiseGo, Secures $80 Million from Siam Commercial Bank, Toyota Financial, Others

Thailand-based Fintech firm SYNQA, the parent company of OmiseGo (previously called Omise Holdings), has reportedly secured $80 million in capital via a Series C investment round led by SCB 10x, a subsidiary of the Siam Commercial Bank. Asia-based VC group SPARX also took part in… Read More

Digital Payments Startup Azimo Partners Thailand’s Siam Commercial Bank to Settle Remittances via RippleNet

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

Siam Commercial Bank in Thailand to Launch Ripple-based Consumer International Payments Mobile App

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

Bank of Thailand Is Considering Issuing Licenses to Digital Banks to Enable Greater Financial Inclusion

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

Fintech Forward Thai Bank, Siam Commercial Bank, Partners with Ripple

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

Thailand’s Siam Commercial Bank Launches Robo-Advisor, Is Reportedly Planning to Spin Off its Fintech Branches

Siam Commercial Bank Pcl, Thailand’s largest commercial bank in terms of total assets, is reportedly preparing to spin off its Fintech branches as the institution attempts to monetize its efforts into tech investment, at a time when its earnings from traditional lending have been relatively… Read More

A Global Transformation: Siam Commercial Bank in Thailand Says Online and Digital Services Key to Survival

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

Ripple Update: National Commercial Bank of Saudi Arabia Has Joined RippleNet; Currency Exchange Also Moves into Japan

On Thursday, Ripple announced the National Commerical Bank (NCB) of Saudi Arabia has joined RippleNet. According to Ripple, NCB was the first bank established in the country and, as of today, it is one of the largest financial institutions in the Middle East with more than… Read More

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