Thai big banks sinking billions into digital transformation; only two imported Covid-19 cases reported


Graphics by The Nation Thailand/Asian News Network

BANGKOK, Oct 13 (The Nation Thailand/ANN): Four of Thailand's biggest commercial banks are hastening moves to stay ahead of the wave of digital disruption now sweeping the country.

Siam Commercial Bank (SCB) is in the final year of its four-year digital transformation plan but is already drafting a new plan for the next three to four years, said SCB president Arak Sutivon.

Meanwhile, Krungthai Bank president Payong Srivanich said his company has set up a subsidiary, Infinitaas, dedicated to developing its digital banking technology.

Over at Bangkok Bank (BBL), executive director Thaweelap Rittapirom said its transformation was being led by a three-fold strategy of digitalisation, regionalisation and urbanisation.

BBL has also extended its reach to Indonesia by taking a stake in Permata Bank. Meanwhile, it is planning to build more banking infrastructure to boost the life quality of BBL customers.

Kasikorn Business-Technology Group (KBTG) has just drafted the second phase of its transformation plan, which will run until 2023.

KBTG president Ruangroj Poonpol said his organisation also aimed to expand abroad, especially in Asia. It plans to invest Bt5 billion in digital development next year.



Meanwhile, the Centre for Covid-19 Situation Administration reported two new cases in state quarantine over a 24-hour period on Tuesday (Oct 13).

A 22-year-old asymptomatic male hotel employee, who had returned from the United States on September 29, tested positive at a Chonburi state quarantine facility on October 11.

A 52-year-old male freelancer, who had travelled from Qatar and Sweden and arrived on October 5, tested positive on October 10 in a Bangkok state quarantine hotel.

Meanwhile, three patients have recovered and been discharged.The total number of confirmed cases in Thailand increased to 3,643 (703 in state quarantine), 127 are in hospital, 3,457 have recovered and been discharged and the death toll is 59.

According to Worldometer, as of 10am on Tuesday, the total number of confirmed cases has passed 38 million (increasing by 275,232), 28.59 million have recovered, 8.35 million are active cases (69,070 in serious condition) and 1.085 million have died (increasing by 3,756).

Thailand ranks 140th for most cases in the world, while the US has the most number with 8 million, followed by India 7.17 million, Brazil 5.1 million, Russia 1.31 million and Colombia 919,083. - The Nation Thailand/Asian News Network
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