Collaboration with Ministry of Commerce's Pracharat Blue Flag 4.0 Scheme
The Ministry of Commerce, Thailand led by his excellency Mr. Sontirat Sontijirawong (8th left), Minister of Commerce, recently held an MOU signing ceremony for Pracharat Blue Flag 4.0 scheme. SCB Abacus, represented by Dr. Sutapa Amornvivat (8th right), Chief Executive Officer, and Siam Commercial Bank, represented by Mrs. Pikun Srimahunt (7th right), SEVP, Head of SME Segment, supported the project by offering digital loan service for local retail stores participating in the Blue Flag project.
Leveraging artificial intelligence (AI) and machine learning technologies powered by SCB Abacus, the digital loan platform allows sellers to apply for loans online and receive instant credit approval without additional paperwork, with personalized loan terms and credit line. SCB is Thailand's first bank to introduce AI-powered lending platform to help small businesses access funding with ease to expand their business to meet market demand and stay competitive in the digital age.