SCB sets aside Bt20 bn to gain digital edge
Siam Commercial Bank (SCB) has earmarked Bt20 billion to invest in promising new businesses, chief executive Arthid Nanthawithaya said on Wednesday (January 15).
The intention is to foster its digital competitiveness through moves undertaken on its own or via partners.
The allocation is separate from SCB’s regular investment budget.
Arthid said the bank is keen to invest several million baht in each of several undisclosed companies, but the budget need not be depleted this year alone.
In a separate matter, SCB and Ayeyarwady Bank (AYA Bank), the second-largest bank in Myanmar, on Wednesday signed an agreement to collaborate in developing cross-border payments and fund transfer services between the countries.
