FinovateAsia 2018 / Siam Commercial Bank

Presenter Profile:

How they describe themselves: The Siam Commercial Bank PCL was Thailand’s first indigenous bank, established in 1906 under Royal Charter and currently serves as Thailand’s second largest commercial bank.

Today, SCB is a leading universal bank, offering deposits and lending and a wide range of other products and services, to meet the needs of all customers.

Our services are backed by our extensive banking network and continual pursuit of technological innovation.

Under the vision to serve as “The Most Admired Bank,” we established a strategic plan called SCB Transformation, designed to dramatically upgrade the Bank’s infrastructure and enhance its long-term competitiveness to respond to the rapid change in the financial industry and keeping new consumer behavior in mind.

How they describe their product/innovation: SCB StartBiz is an application to open up business accounts for any juristic customer.

The platform has the ability to conduct a digitized Know Your Customer (KYC) check in real time, confirming the ultimate beneficial owner of the company and removing the struggle of gathering and signing multiple documents.
The business account can thus now be created from formally weeks to minutes (including all commercial product subscriptions) on a single tablet device with the only requirement being the customer’s ID card and signature.
Why? StartBiz is fully digitally connected to more than 80 other financial systems, which helps to pre-populate the much-needed data.

  1. No Document Required
  2. Only One Signature
  3. Realtime Activation
  4. Service Anywhere

Product distribution strategy: Licensed


Press: Wattanee Somchit & Wanlapa Sookyai (Public Relations Manager), +66 2544 1000

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