Siam Commercial Bank plans digital revamp
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Bangkok
SIAM Commercial Bank Pcl, Thai-land's oldest homegrown lender, plans to reinvent its mobile digital payment platform as a lifestyle app to help fend off competition from upstart financial technology providers.
The lender is working with companies including Accenture Plc, Microsoft Corp and International Business Machines Corp on the project, chief executive officer Arthid Nanthawithaya said. The long-term goal is an app that allows customers to search and pay for entertainment options such as restaurants and cinemas, going beyond just day-to-day banking, he said.
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