thailand fintech

Aug

Who will apply for a digital bank license in Thailand?

With the September 19 deadline for Thailand’s digital bank license applications less than a month away, it is worth taking a closer look at the prospective applicants. As expected, startups are absent. Instead, the likely applicants – and winners – are a mix of Thailand’s ultra-wealthy tycoons, prominent incumbent banks…

Mar

Fintech Research

Akulaku eyes further Southeast Asia expansion

Ant Group-backed Akulaku is one of the more promising fintech startups to emerge from Indonesia in recent years. In mid-February, Akulaku secured a US$100 million strategic investment from Thailand’s Siam Commercial Bank, which followed a US$125 million investment in 2021 co-led by Hong Kong’s Silverhorn Group. Akulaku is now valued…

Feb

Asia Banking Research

Is Thailand finally ready for digital banks?

Thailand is late to Asia’s digital banking party, which formally began back in 2019 when Hong Kong and Singapore approved them – though South Korea had digital banks as early as 2017. Since Asia’s two main financial centers embraced digital banks, Taiwan, the Philippines, Indonesia and Malaysia have followed suit.…

Contact Info