Bangkok Bank showcases its booth in Thailand Industry Expo 2019 to feature its financial innovations in the digital age, professional advisory services and extensive branch network to support Thailand’s industries to tap into international markets by inviting new generation of successful businessmen to share their ideas and insight experiences.
Bangkok Bank Senior Executive Vice President Virasak Sutanthavibul said that the Bank has supported Thailand Industry Expo 2019 organized by the Ministry of Industry with an aim to promote the cooperation from all sectors to upgrade the standards of Thailand’s industries while increasing the country’s competitiveness with innovations and digital technology. This year, the event is held under the concept of “Synergy for Success” to reflect the importance of the cooperation from all sectors to create opportunities and possibilities for Thailand’s industries. In the event, there are seminar to show the vision on how to drive Thailand’s industries to success, exhibition and forum to exchange ideas for industrial development, as well as display of products and services from young entrepreneurs who have fresh ideas driven by innovations, digital technology and online marketing.
To be in line with the event’s concept, the Bank has created the booth under the concept of “Partner Shift to Success” to showcase modern financial innovations that help answer business needs in the digital age. In addition, the booth also provides the knowledge and insight experiences from business partners, as well as financial services and advisory services from business experts for visitors. The booth is divided into three zones as follows:
1. Stage Zone – a stage to share insight business experiences from successful entrepreneurs comprising creative concept, business management methods, and how to apply technologies to enhance business efficiency. At the same time, experts from Bangkok Bank also use this stage to introduce new financial products and services. In addition, the Bank provides information on financial innovations which are creative works from startups that participated in Bangkok Bank InnoHub, a world-class incubator program for fintech startups
2. Clinic Zone – Unlock your business potential to reach out to global markets with our business advisory services that will reduce business limitations and enhance competitive edge. Such services include the AEC Connect which provides advice to companies seeking business expansion overseas with a full range of financial services, experience, expertise and the breadth of local business network in many countries. As the Bank operates as a regional bank, we have a good understanding of economic contexts, rules and regulations of each country particularly in ASEAN countries where economies are growing. This zone features SME loans such as Bualuang SME loan for adjustment to a single account and Transformation Loan. There are also financial services showcased for consumers such as Bualuang mBanking, Bualuang iBanking, BeWallet and BeMerchant.
3. Showcase Zone – update financial innovation in digital world through many collaborative projects including Voltron project of R3, a company developing financial technology and software for the future. Voltron project studies and develops a business platform using Blockchain to enhance efficiency of international trade services. It can reduce half of processing time and paperwork. Bangkok Bank was the first member in Thailand to join R3. The Bank recently has successfully piloted international Letter of Credit service for business customers. This pilot helped reducing L/C transaction process from 10 days to 24 hours. Startups joining Bangkok Bank InnoHub also showcased their financial innovations in this zone.
“This is a good opportunity for the Bank to showcase financial products and services as well as provide financial knowledge to entrepreneurs who look for new financial solutions that can enhance business efficiency. This is one of the Bank’s commitments to enhance customers’ business potential as well as expand businesses to regional market through Bangkok Bank’s financial products and strong network. Bangkok Bank is a trusted partner to Thai businesses and industry”, said Khun Virasak.
Interested person can visit Bangkok Bank booth at Innovation zone in Thailand Industry Expo 2019 during July 17-21, 2019 at Challenger 2-3, Impact Muang Thong Thani.