Bangkok Bank showcases financial innovations and expert insights at Bangkok FinTech Fair 2019
July 18, 2019
Bangkok Bank joined Bangkok FinTech Fair 2019 under the “Co-Creating Value” theme to show its commitment to supporting society with financial innovations by showcasing outstanding works from FinTech startups and participating in expert panels.
Bangkok FinTech Fair 2019 was organized by the Bank of Thailand (BOT) under the “Collaboration for the Future of Finance” concept to encourage stakeholders from the government and private sector to collaborate on financial innovation to develop Thailand’s ecosystem.
The event, which was held from July 18-19, 2019 at the Bank of Thailand Learning Center, featured panel discussions, exhibitions to showcase innovations and press conferences. More than 1,500 delegates attended from financial institutions, government agencies, private companies, central banks, international organizations, financial advisories and service providers, technology companies and legal practices.
Bangkok Bank Senior Executive Vice President Suteera Sripaibulya said the Bank joined a number of activities at the fair. The Bank featured its financial innovations at its booth under the theme of “Co-Creating Value” which reflected its commitment to supporting the needs of its customers and playing a role in helping enhance society with its expertise and technology. The Bank’s financial innovations comprised:
1) Bangkok Bank InnoHub – FinTech Accelerator, an accelerator program for world-class FinTech startups which aims to strengthen Thailand’s financial service industry and add value to the country’s financial technology ecosystem.
2) Facial Recognition Technology – Identify Verification, a technology that uses Artificial Intelligence (AI) to recognize and identify customers from their faces to facilitate the Know Your Customer (KYC) process.
3) BeWallet – QR Code Payment Easy and Convenient, an application that provides product and service payment via QR Code for shops in Thailand and ASEAN countries such as Singapore, Malaysia, Vietnam and the Philippines, as well as other countries in Asia, including China and Japan.
4) Letter of Credit (L/C) on Enterprise Blockchain – digitized L/C service revolution, a joint project between financial institutions and R3, a global financial technology developer, to study and develop Blockchain to support international trade. Recently, Bangkok Bank implemented this new digital L/C service which saves time, reduces paperwork and improves security.
5) KMUTT BeDigiPass – a new type of student card, this virtual student card on smart phone enables students to manage a number of activities hassle-free, such as checking class times, or paying for food, dormitory and tuition fees without having to carry cash. The Bank is currently piloting the card with KMUTT.
6) Bualuang mBanking x Rabbit LINE Pay BTS – Check Balance, Top Up and View Trips on Rabbit LINE Pay BTS via Bualuang mBanking, this innovation allows users to manage their finance, daily spending and travel expenses with BTS via Bualuang mBanking.
Two FinTech startups from Bangkok Bank InnoHub joined the Bank’s booth. AntWorks, a global, artificial intelligence and intelligent automation company that can digitally capture data in many languages, including Thai, then analyzes it to search for new business opportunities. And Pand.ai, an AI-powered chatbot system for financial institutions that currently provides solutions for a range of international firms in Malaysia, Singapore, Taiwan and Thailand.
Bangkok Bank executives participated in a number of seminars at the fair. Bangkok Bank Executive Director Charamporn Jotikasthira joined the “Collaboration for Inclusive Digital Finance: How to Make it Happen” seminar with the governor of the Bank of Thailand. At the “ASEAN Payment Connectivity Showcases” session, Bangkok Bank Senior Vice President and Trade Finance Center Manager Kajohnsak Manaviriyakul talked about Blockchain L/C and Assistant Vice President, Credit Card Division, Tanacan Phanasomburn talked about Interoperable QR Code. Bangkok Bank Vice President, Trade Finance Center, Pintuwan Kleijssen participated in the ‘FinTech for the Evolution of Corporate Solutions’ panel.
Announcements were made at the event for a number of services to support digital lifestyles that the Bank has supported, including the National Digital ID company – a central agency to develop a digital personal identification and verification system which will facilitate businesses as customers will be able to conveniently verify their identification; and MyPromptQR payment which facilitates payments by enabling merchants to simply scan a customers’ QR Code to receive payment.
“Bangkok FinTech Fair 2019 enables banks, financial institutions and related agencies to learn and exchange experiences on financial technology development which will lead to the creation of an innovative financial ecosystem. For Bangkok Bank, financial innovation is a key focus with the aim of developing secure digital banking services for customers. At the same time, the Bank also collaborates with leading local and international FinTech companies to create financial services using the latest technology. This is to ensure the Bank can leverage financial services to meet the needs and changing lifestyles of its customers,” said Miss Suteera.
Bangkok FinTech Fair 2019 was organized by the Bank of Thailand (BOT) under the “Collaboration for the Future of Finance” concept to encourage stakeholders from the government and private sector to collaborate on financial innovation to develop Thailand’s ecosystem.
The event, which was held from July 18-19, 2019 at the Bank of Thailand Learning Center, featured panel discussions, exhibitions to showcase innovations and press conferences. More than 1,500 delegates attended from financial institutions, government agencies, private companies, central banks, international organizations, financial advisories and service providers, technology companies and legal practices.
Bangkok Bank Senior Executive Vice President Suteera Sripaibulya said the Bank joined a number of activities at the fair. The Bank featured its financial innovations at its booth under the theme of “Co-Creating Value” which reflected its commitment to supporting the needs of its customers and playing a role in helping enhance society with its expertise and technology. The Bank’s financial innovations comprised:
1) Bangkok Bank InnoHub – FinTech Accelerator, an accelerator program for world-class FinTech startups which aims to strengthen Thailand’s financial service industry and add value to the country’s financial technology ecosystem.
2) Facial Recognition Technology – Identify Verification, a technology that uses Artificial Intelligence (AI) to recognize and identify customers from their faces to facilitate the Know Your Customer (KYC) process.
3) BeWallet – QR Code Payment Easy and Convenient, an application that provides product and service payment via QR Code for shops in Thailand and ASEAN countries such as Singapore, Malaysia, Vietnam and the Philippines, as well as other countries in Asia, including China and Japan.
4) Letter of Credit (L/C) on Enterprise Blockchain – digitized L/C service revolution, a joint project between financial institutions and R3, a global financial technology developer, to study and develop Blockchain to support international trade. Recently, Bangkok Bank implemented this new digital L/C service which saves time, reduces paperwork and improves security.
5) KMUTT BeDigiPass – a new type of student card, this virtual student card on smart phone enables students to manage a number of activities hassle-free, such as checking class times, or paying for food, dormitory and tuition fees without having to carry cash. The Bank is currently piloting the card with KMUTT.
6) Bualuang mBanking x Rabbit LINE Pay BTS – Check Balance, Top Up and View Trips on Rabbit LINE Pay BTS via Bualuang mBanking, this innovation allows users to manage their finance, daily spending and travel expenses with BTS via Bualuang mBanking.
Two FinTech startups from Bangkok Bank InnoHub joined the Bank’s booth. AntWorks, a global, artificial intelligence and intelligent automation company that can digitally capture data in many languages, including Thai, then analyzes it to search for new business opportunities. And Pand.ai, an AI-powered chatbot system for financial institutions that currently provides solutions for a range of international firms in Malaysia, Singapore, Taiwan and Thailand.
Bangkok Bank executives participated in a number of seminars at the fair. Bangkok Bank Executive Director Charamporn Jotikasthira joined the “Collaboration for Inclusive Digital Finance: How to Make it Happen” seminar with the governor of the Bank of Thailand. At the “ASEAN Payment Connectivity Showcases” session, Bangkok Bank Senior Vice President and Trade Finance Center Manager Kajohnsak Manaviriyakul talked about Blockchain L/C and Assistant Vice President, Credit Card Division, Tanacan Phanasomburn talked about Interoperable QR Code. Bangkok Bank Vice President, Trade Finance Center, Pintuwan Kleijssen participated in the ‘FinTech for the Evolution of Corporate Solutions’ panel.
Announcements were made at the event for a number of services to support digital lifestyles that the Bank has supported, including the National Digital ID company – a central agency to develop a digital personal identification and verification system which will facilitate businesses as customers will be able to conveniently verify their identification; and MyPromptQR payment which facilitates payments by enabling merchants to simply scan a customers’ QR Code to receive payment.
“Bangkok FinTech Fair 2019 enables banks, financial institutions and related agencies to learn and exchange experiences on financial technology development which will lead to the creation of an innovative financial ecosystem. For Bangkok Bank, financial innovation is a key focus with the aim of developing secure digital banking services for customers. At the same time, the Bank also collaborates with leading local and international FinTech companies to create financial services using the latest technology. This is to ensure the Bank can leverage financial services to meet the needs and changing lifestyles of its customers,” said Miss Suteera.
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