KBank has announced a US$2.7 billion strategic program aimed at boosting access to banking services among Thailand’s unbanked and underbanked population.<\/p>\n\n\n\n
The program includes accelerated investments in technology, technology-related acquisitions, commercial partnerships, organizational development, as well as adopting other technology-driven methods to boost access to banking services among a broader range of the public.<\/p>\n\n\n\n
Kattiya Indaravijaya, Chief Executive Officer, KBank, said: “We’re taking a bold step, and, through technological leadership, aim to transform banking in Thailand in ways that can help more people enter the banking system and benefit from banking products and services.<\/p>\n\n\n\n
“We’re already a bank that has the great strengths and reliability of a traditional bank serving a wide range of customers. What we’re now doing is to fuse on to that successful core the disruptive DNA of a ‘challenger bank’.”<\/p>\n\n\n\n
Challenger banks have been a disruptive phenomenon in many countries ‘challenging’ legacy banks by using new technology to make banking products more accessible. <\/p>\n\n\n\n
“We have embarked on our strategic program to fully harness emerging technologies to conduct more complete evaluations of a customer’s ability and willingness to pay back a loan,\u201d added Indaravijaya.<\/p>\n\n\n\n
During this and the next two years, KBank is investing around US$610 million in new technology and systems, in addition to US$350 million invested during the last two years.<\/p>\n","protected":false},"excerpt":{"rendered":"
KBank has announced a US$2.7 billion strategic program aimed at boosting access to banking services among Thailand’s unbanked and underbanked population. The program includes accelerated investments in technology, technology-related acquisitions, commercial partnerships, organizational development, as well as adopting other technology-driven methods to boost access to banking services among a broader range of the public. Kattiya Indaravijaya, Chief Executive Officer, […]<\/p>\n","protected":false},"author":18,"featured_media":16392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,53,59,44,54],"tags":[701,3127,145],"class_list":["post-16391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-verticals-banking-finance","category-regional-news-newsletter","category-south-east-asia","category-top-stories","category-used","tag-banking","tag-kbank","tag-thailand"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/16391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/comments?post=16391"}],"version-history":[{"count":5,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/16391\/revisions"}],"predecessor-version":[{"id":16975,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/16391\/revisions\/16975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media\/16392"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media?parent=16391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/categories?post=16391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/tags?post=16391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}