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The Latest Breaking News from SCB X

SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), expects to maintain single-digit loan growth for its Gen 2 businesses under a cautious strategy despite their strong growth potential.

Bangkok Post

SCB relying on attrition to reduce its headcount

Siam Commercial Bank (SCB) has no plans to recruit new employees to replace staff leaving through attrition, targeting a workforce of around 15,000 employees by the end of next year.

Bangkok Post

SCB X puts AI at core of operations

SCB X, the holding company of Siam Commercial Bank, has outlined its new vision for the future of banking, positioning artificial intelligence (AI) as the core infrastructure that redefines how financial institutions operate, serve customers, and create new business opportunities in the years ahead.

Bangkok Post

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SCB X says virtual bank will meet BoT's requirements

SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), believes its planned virtual bank will comply with the central bank's requirements amid competition for the new banking licence.

Bangkok Post

SCB X, KakaoBank keen on virtual banking

SCB X Plc is teaming up with KakaoBank to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.

Bangkok Post

SCB X and KakaoBank eye virtual banking

SCB X Plc is teaming up with KakaoBank of South Korea to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.

Bangkok Post

BoT zeroes in on cash transaction fees

As digital payments increase, the Bank of Thailand is focusing on cash users by adjusting banks' fee structures.

Bangkok Post

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Listed banks post 13% Q1 profit hike

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

Bangkok Post

Using digital tech, SCB X eyes virtual bank licence

SCB X, a holding company of Siam Commercial Bank (SCB), is keen to obtain a virtual bank licence as part of its five-year business strategy.

Bangkok Post

Building a digital bank with a human touch

Siam Commercial Bank (SCB) is moving towards digital banking services, though the 117-year-old financial institution still believes in a combination of human quality and technological efficiency, describing its strategy as a "digital bank with a human touch".

Bangkok Post

Digital lenders target strong growth this year

Digital lending service providers are aiming for strong loan growth and business expansion this year.

Bangkok Post

SCB X keen on novel banking opportunity

SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.

Bangkok Post

Collapse of the SCB-Bitkub deal

Siam Commercial Bank (SCB), Thailand's oldest lender, announced on Aug 25 the collapse of its acquisition offer for 51% of the shares of Bitkub Online Co (Bitkub) from Bitkub Capital for 17.8 billion baht, citing regulatory issues.

Bangkok Post

Treading a familiar path to super-app status

Robinhood, the Thai on-demand service application, has set an ambitious target to become a regional platform in the near future.

Bangkok Post

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Bangkok Post

Robinhood shifts emphasis to financial services arena

Robinhood, an application for an on-demand delivery service platform under SCB X, plans to apply for two financial business licences that are expected to generate core income over the long term.

Bangkok Post

Innovest X rebrands with emphasis on Asean

Innovest X Securities Co Ltd, an investment platform under SCB X, says it aims to become a top-five operator in Asean in terms of valuation within three years, while also expanding its customer base to up to 5 million.

Bangkok Post

SCB X rejig targets regional fintech status

SCB X, the holding company of Siam Commercial Bank (SCB) Group, has set a five-year business direction ending in 2026 to pave the way for it to become a regional financial technology company and generate income from new sources.

Bangkok Post

SCB X allocates $50m for Indonesia's BJJ

SCB X, a holding company of Siam Commercial Bank and SCB X Group, has invested US$50 million via an indirect investment in Indonesia-based Bank Jasa Jakarta (BJJ) through WeLab Sky as part of SCB X's strategy to become a regional financial technology group.

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Bangkok Post

ASPS touts SCB's strong outlook

Siam Commercial Bank (SCB), Thailand's oldest lender, is viewed as an outstanding stock to watch given its fintech business expansion and high-yield lending services, according to Asia Plus Securities (ASPS).

Bangkok Post

Crypto glitches prompt industry rethink

With the recent news of the SCB X-Bitkub deal falling apart and the Zipmex incident, investors in Thailand's digital currency market are facing a negative outlook. The Bangkok Post provides a recap of these events and gathers the views of investment analysts on the lessons learned and where things are…

Bangkok Post

Salutary lessons from the aborted Bitkub takeover deal

Stock analysts and industrialists in the digital asset business shared their views and the lessons learned after the aborted plan of SCB X group to acquire shares in the crypto exchange market Bitkub Online last week.

Bangkok Post

SCB X scraps Bitkub investment plan

SCB X Group's planned investment in Bitkub Capital Group Holdings' crypto exchange has been cancelled, amid uncertainty over Bitkub's settlement of regulatory issues with the Securities and Exchange Commission (SEC).

Bangkok Post

Tech investors wary amid volatile market

While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs.

Bangkok Post

Banking sector's profits gain on higher interest income

The local banking sector recorded improved net profit for the first half year-on-year, attributed to higher interest income.

Bangkok Post

Digital lending pays off for banks as platforms expand rapidly

Digital lending platforms run by the large commercial banking groups Kasikornbank (KBank) and SCB X are posting strong growth, in line with changing consumer behaviour in the digital era.

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