Siam Commercial Bank

Accenture to Acquire Rabbit’s Tale to Strengthen Its Creative & Digital Customer Experience Capabilities in Southeast Asia

Retrieved on: 
Wednesday, November 29, 2023
Technology, Marketing, Advertising, Other Technology, Communications, Professional Services, Business, Software, Networks, Data Management, Acquisition, NYSE, Creativity, Ajinomoto, Tale, Multimedia, Charoen Pokphand, Growth, Art Data Interactive, Siam Commercial Bank, Creative industries, Accenture, Electrolux

Accenture (NYSE: ACN) has agreed to acquire Rabbit’s Tale , a Bangkok-based creative and digital experience agency.

Key Points: 
  • Accenture (NYSE: ACN) has agreed to acquire Rabbit’s Tale , a Bangkok-based creative and digital experience agency.
  • The move will significantly strengthen the regional creative, brand and data capabilities of Accenture Song —the world’s largest tech-powered creative group—and help our clients build and optimize digital experiences across the entire customer lifecycle for growth in Thailand.
  • The move will take advantage of the growing importance of digital ad spending for brand differentiation and customer connection.
  • They are also looking for creative solutions and transformative programs to advance growth,” said Thomas Mouritzen, Southeast Asia lead for Accenture Song.

SCBX and Hashed Forge Strategic Partnership to Drive Web3 Technology Innovation

Retrieved on: 
Thursday, September 28, 2023
Acceleration, Blockchain, Partnership, Education, Siam Commercial Bank, Research, Web 2.0, MOU, Growth, Ecosystem, AI, SCB, Cryptocurrency, Web3

Hashed, known for its unwavering commitment to fostering the mass adoption of Web3 technologies, has aligned its vision with SCBX's goals.

Key Points: 
  • Hashed, known for its unwavering commitment to fostering the mass adoption of Web3 technologies, has aligned its vision with SCBX's goals.
  • The memorandum of understanding (MOU) signed between SCBX and Hashed solidifies a strategic research and development partnership that will explore the potential of Web3 technology in various business areas.
  • Both SCBX and Hashed will pool resources to drive research that not only advances technology but also explores ways to integrate blockchain innovations into SCBX's affiliates and services.
  • By leveraging SCBX's established position in the Thai financial sector and Hashed’s expertise in Web3 technology, the collaboration is set to drive meaningful advancements in the realm of decentralized technology and innovation.

Shinhan Bank, SCB TechX and Other Financial Institutions Successfully Complete Second Stablecoin Remittances Pilot on the Hedera Network

Retrieved on: 
Tuesday, July 18, 2023
Shinhan Bank, KRW, THB, Blockchain, POC, DLT, Siam Commercial Bank, NTD, EVM, FX, SCB, Cryptocurrency, Hedera

The PoC was built on the highly-efficient and eco-friendly Hedera open-source public network.

Key Points: 
  • The PoC was built on the highly-efficient and eco-friendly Hedera open-source public network.
  • The PoC is EVM-compatible, meaning that any EVM-based stablecoin issuers can participate using the framework going forward.
  • This PoC is a continuation of Shinhan Bank's previous work that started in 2021, when they partnered with Standard Bank on stablecoin international remittances (see https://hedera.com/blog/shinhan-bank-to-conduct-stablecoin-international... ).
  • The second pilot's success marks a significant milestone in the quest for efficient, low-cost, cross-border payments.

Akulaku Announces $200 Million Investment from MUFG

Retrieved on: 
Monday, December 26, 2022
GMV, LLP, Global Commercial Credit, Mitsubishi UFJ Financial Group, History, US, Siam Commercial Bank, Morgan Stanley, Knowledge, Partnership, SCB, Growth, Insurance, Risk management, Neobank, Acquisition, MUFG, MUFG Bank, Financial services, Bank

JAKARTA, Indonesia, Dec. 26, 2022 /PRNewswire/ -- Akulaku ("the Company"), a leading banking and digital finance platform in Southeast Asia, today announced a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG). The investment provides additional support for Akulaku's projected growth as it advances towards its mission of providing banking services across Southeast Asia with an emphasis on reaching underserved customers and markets. The Company's future growth plans align with MUFG's, and the companies' joint expansion into new territories, markets, and products will accelerate heading into 2023. This is the second strategic investment in the Company this year, following the US$100 million in funding closed from Siam Commercial Bank ("SCB"), Thailand's leading full-service bank, in the beginning of 2022.

Key Points: 
  • JAKARTA, Indonesia, Dec. 26, 2022 /PRNewswire/ -- Akulaku ("the Company"), a leading banking and digital finance platform in Southeast Asia, today announced a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG).
  • Along with the investment, Akulaku and MUFG will enter into a framework agreement for Akulaku to work with MUFG companies across Southeast Asia on technology, product development, financing, and distribution.
  • Our investment in Akulaku will further solidify our commitment in this region to meet growing financial needs of underserved customers.
  • Akulaku exists to help meet the daily financial needs of underserved customers in emerging markets through digital banking, digital financing, digital investment, and insurance brokerage services.

Opn Enters U.S. Market with Acquisition of MerchantE, Creating a Leading Global Payment Solutions Company

Retrieved on: 
Tuesday, November 15, 2022
Online Retail, Technology, Professional Services, Payments, Electronic Commerce, Digital Cash Management, Digital Assets, Retail, Software, Internet, Fintech, Finance, Siam Commercial Bank, Partnership, News, Merchant services, Toyota, Acquisition, Magento, SCB, Growth, Organization, Commerce, Toyota Financial Services, TrueMoney, Online shopping

The acquisition will accelerate Opns growth and innovation in this significant market to create a leading global payment solutions provider.

Key Points: 
  • The acquisition will accelerate Opns growth and innovation in this significant market to create a leading global payment solutions provider.
  • MerchantEs robust backend technology strongly complements Opns one-stop online payment and digital transformation solutions.
  • With the acquisition, Opns global footprint now spans seven countries, including the U.S., the largest growing market for embedded finance solutions, which is expected to more than double to over US$50 billion by 2026.
  • It is a top 25 provider of payment processing in the U.S. For more information on MerchantE please visit www.merchante.com .

Integrum Sells MerchantE to Opn

Retrieved on: 
Tuesday, November 15, 2022
Ecosystem, Growth, Commerce, Technology, Merchant services, Acquisition, Siam Commercial Bank, Partnership, Sale, Company, Investment, CEO, Restitutio ad integrum, Toyota, SCB, Solution, Online shopping, Bank

Headquartered in Alpharetta, Georgia, MerchantE serves the complex needs of mid-market B2B customers through unique integrations and end-to-end payment processing capabilities.

Key Points: 
  • Headquartered in Alpharetta, Georgia, MerchantE serves the complex needs of mid-market B2B customers through unique integrations and end-to-end payment processing capabilities.
  • "While we continue to see tremendous opportunity to continue building and growing the MerchantE platform, we and our management team partners believe that joining with Opn presents a compelling opportunity to accelerate the Company's growth and realize unique synergies," said Integrum co-founders Ursula Burns and Tagar Olson.
  • "Given current market conditions and having made substantial progress against our value creation plan, we determined that this is the right time to exit our investment in MerchantE."
  • I am confident that MerchantE and Opn will create a strong partnership together, and I am pleased to welcome the MerchantE team to our combined company."

Huawei Cloud Summit in Bangkok: Driving the Leapfrog Growth of the Digital Economy with Cloud Native

Retrieved on: 
Monday, September 19, 2022
CONNECT, Cloud, Cloud Native Computing Foundation, UCS, SCB, CNCF, Infrastructure, CT Corp, Speech, Seed, Organization, White paper, Huawei, Industry, Program, Government, Thought, Paper, Internet, Work, Technology, Ecosystem, Siam Commercial Bank, HUAWEI, Network equipment

During the event, Huawei Cloud released the Cloud Native 2.0 Architecture White Paper and launched Cloud Native Elite Club (CNEC) APAC together with Cloud Native Computing Foundation (CNCF).

Key Points: 
  • During the event, Huawei Cloud released the Cloud Native 2.0 Architecture White Paper and launched Cloud Native Elite Club (CNEC) APAC together with Cloud Native Computing Foundation (CNCF).
  • To accelerate the digital transformation in the Asia Pacific, Huawei Cloud proposed three initiatives: acting with strategic resolve, embracing cloud native, and cultivating digital talent.
  • In his keynote speech, Mr. Zeng said that going cloud native is to think cloud native, act cloud native.
  • In the future, Huawei Cloud will go beyond to breathe new life into cloud native infrastructure, cloud native application development, and data-AI convergence.

Opn Announces Appointment of Former Apple Executive Chris Misner to Board of Directors

Retrieved on: 
Tuesday, June 28, 2022
Payments, Technology, Software, Electronic Commerce, Internet, Digital Cash Management, Digital Assets, Online, Jun, CEO, Good Technology, Apple Store, Growth, Senior advisor, Asia-Pacific, SCB, MUFG Bank, Learning, Mentorship, Apple Inc., General manager, Solution, Netscape, Toyota, Roblox Corporation, Siam Commercial Bank, Management, Video game, Online shopping, OPN

Opn, the one-stop payment solutions company from Japan and Southeast Asia, announced today that Chris Misner, the former Apple Inc. (Apple) and Roblox Corporation (Roblox) executive, has joined Opns board of directors.

Key Points: 
  • Opn, the one-stop payment solutions company from Japan and Southeast Asia, announced today that Chris Misner, the former Apple Inc. (Apple) and Roblox Corporation (Roblox) executive, has joined Opns board of directors.
  • I look forward to learning from Chris, as we continue working towards our vision of providing access to the digital economy for everyone.
  • Opn is that rare company that solves complex issues for its customers by obsessing over user experience.
  • I look forward to working with both Jun and the board on its next stage of growth, said Misner.

Akulaku Announces Record 2021 Performance

Retrieved on: 
Tuesday, April 26, 2022
CEO, Neobank, Indonesia Stock Exchange, Siam Commercial Bank, Total, Citibank, BNC, Growth, Schroders, Insurance, Company, US, JPMorgan Chase, Investment, GMV, Online shopping

JAKARTA, Indonesia, April 26, 2022 /PRNewswire/ -- Akulaku ("Akulaku" or "the Company"), a leading digital banking and finance platform, today reported accelerated revenue growth during 2021, as it continues to provide financial services to consumers throughout Southeast Asia. Akulaku's total revenue grew by 122% to US$598 million and total GMV increased by 136% to US$5.8 billion. The total users grew by 242% to 26 million users, and monthly active users increased 108% to 4.8 million in 2021. This growth highlights the rising demand for Neobank's online banking services, as well as Akulaku's unique position as a rapidly expanding digital bank and service provider.

Key Points: 
  • JAKARTA, Indonesia, April 26, 2022 /PRNewswire/ -- Akulaku ("Akulaku" or "the Company"), a leading digital banking and finance platform, today reported accelerated revenue growth during 2021, as it continues to provide financial services to consumers throughout Southeast Asia.
  • The total users grew by 242% to 26 million users, and monthly active users increased 108% to 4.8 million in 2021.
  • "Akulaku aims to serve as pioneers for the digital banking revolution in Southeast Asia and beyond.
  • The company's 2021 performance comes on the heels of receiving $400 million in investments, including $100 million from Siam Commercial Bank.

NICE Nexidia Analytics Bolsters Digital Transformation for Leading Universal Bank

Retrieved on: 
Tuesday, February 22, 2022
Technology, Other Communications, Security, Marketing, Banking, Other Technology, Communications, Professional Services, Software, Other Professional Services, APAC, U.S. Securities and Exchange Commission, Compliance, Customer service, Growth, Efficiency, SCB, Time, Risk, Intelligence, COVID-19, NICE Ltd., Industry, Company, NICE, Organization, Private Securities Litigation Reform Act, Digital technology, Siam Commercial Bank, Forward-looking statement, Marketing, Technology, CX, Program, SEC, Workforce management, Sales, Online shopping, Risk management

NICE (Nasdaq: NICE) today announced that Siam Commercial Bank (SCB) has seen rapid and significant advances in contact center agent productivity and customer service after implementing NICE Nexidia Analytics.

Key Points: 
  • NICE (Nasdaq: NICE) today announced that Siam Commercial Bank (SCB) has seen rapid and significant advances in contact center agent productivity and customer service after implementing NICE Nexidia Analytics.
  • Siam Commercial Bank, Thailand's first indigenous bank, and the first financial institution in Thailand to implement NICE Nexidia Analytics, offers a full range of financial services and an extensive branch network.
  • Because the NICE Nexidia Analytics solution is fully integrated with Workforce Management and NICE Performance Management, the contact centers agents can facilitate rapid, targeted action based on in-depth interaction analysis.
  • NICE is pleased to be a part of Siam Commercial Banks digital transformation, helping them achieve advanced customer service and agent performance, said Darren Rushworth, APAC President, NICE.