Thailand’s Siam Commercial Bank invests $100m in digital finance platform Akulaku
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
The Thai bank expands its electronic money services.
The Thai bank aims to cater to both individuals and businesses.
One unit has the potential to be a “unicorn”.
The new solution is based on R3’s Corda.
Thailand’s Siam Commercial Bank (SCB) has invested a “significant” sum into a new Singapore-based venture capital (VC) firm, Dymon Asia Ventures.
Siam Commercial Bank (SCB) intends to invest about THB 40 billion ($1.1 billion) in creating, acquiring and developing its technology infrastructure over the next three years. The Thailand-based bank says this investment will help it provide products and services that are better suited to serving its younger and more affluent clients. SCB’s innovation-focused subsidiary, Digital […]