Key facts
- Thailand's oldest commercial bank is launching a virtual banking service.
- The initiative aims to attract new customers and stimulate growth.
- SCB X CEO Arthid Nanthawithaya has set a target of 3 million customers for the AI-powered platform.
- The virtual bank is considered a strategic pillar for the Thai financial group.
Thailand's oldest commercial bank is venturing into virtual banking as a strategy to reach new customers and foster growth in a slow domestic economy. Arthid Nanthawithaya, CEO of SCB X, stated that the virtual bank will serve as a key strategic pillar for the financial group. The company aims to onboard 3 million customers onto its AI-powered platform.