Thailand

Kasikornbank unveils facial recognition tech for Boonterm kiosks

It will allow customers to access financial services across 1,300 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.