SCB Abacus wins at Global Retail Banking Innovation Awards 2018

SCB Abacus, represented by Dr. Anyarat Boonnithivorakul, Chief Operating Officer, received the Global Retail Banking Innovation Awards 2018 in “Best Data Analytics Initiative” category for the development of AI-powered digital lending platform for online SMEs.

The technology enables personalization of loan products in terms of pricing, tenor, and repayment schedules to match the needs of individual customers. This automated platform helps reduce standard loan process from 3-7 days to just 15 minutes and is integrated into the core banking system, allowing instant disbursement of approved loans into customer accounts.

The award is presented by The Digital Banker, a globally trusted news, business intelligence and content distribution provider for the financial services sector. The summit took place at the Carlton Hotel in Singapore.

SEC Fintech Forum 2018

Dr. Natth Bejraburnin, Senior Data Scientist was invited to present on the topic of “Turning Data into Value” at the SEC FinTech Forum.

Organizations are increasingly looking to understand and utilize the wealth of data that they possess. The audience of professionals, particularly in the financial industry, were provided with insight on how they can leverage their data assets as well the work culture required to fully transform into a data-driven organisation.

SCB Abacus wins “Digital Disruptor of the Year” from IDC

SCB Abacus wins “Digital Disruptor of the Year” by IDC Digital Transformation Awards 2018

SCB Abacus, a subsidiary of Siam Commercial Bank, represented by Ms. Aroonrath Sangalungkarn, Chief Product Officer, was awarded “Digital Disruptor of the Year” for Thailand by IDC Digital Transformation Awards (DX Awards) 2018. IDC’s DX Awards recognizes outstanding organizations that have made critical breakthroughs in digital transformation and leveraging disruptive innovation across the Asia Pacific region.

SCB Abacus’ project, the E-marketplace Digital Lending Platform was designed using AI-powered algorithms to support the growth of online SMEs. The technology enables personalization of loan products in terms of pricing, tenor, and repayment schedules to match the needs of individual customers. This automated platform helps reduce standard loan process from 3 days to just 15 minutes and is integrated into the core banking system, allowing instant disbursement of approved loans into customer accounts.