Siam Commercial Bank - News, Articles & Research

Company announcement/wholesale

Siam Commercial Bank to apply blockchain to real estate supply chains

Asset World Corp PCL (AWC), Thailand’s leading real estate developer specializing in integrated lifestyles, is joining with Siam Commercial Bank (SCB) and Digital Ventures to enhance supply chains in Thailand's real estate industry using blockchain technology.

20 September 2022

Company announcement

WeLab and Astra complete acquisition of Bank Jasa Jakarta

WeLab, a leading pan-Asian fintech platform, today announced the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies.

20 September 2022

News/retail

Siam Commercial Bank opens metaverse HQ

Siam Commercial Bank's technology arm SCB 10X is following JPMorgan into the metaverse by opening a HQ in the Sandbox, a blockchain-based virtual world platform.

14 March 2022

News/payments

Siam Commercial Bank invests $100 million in Indonesian BNPL player Akulaku

Siam Commercial Bank has invested $100 million in Indonesian buy now, pay later platform Akulaku.

17 February 2022

Company announcement/retail

SCBX and Publicis Sapient announce joint venture

SCBX Group and digital business transformation company Publicis Sapient today announced they have reached an agreement to enter a joint venture under SCB Tech X

16 December 2021

Company announcement/retail

SCB 10X invests in e-commerce fulfillment startup MyCloudFulfillment

SCB Group’s technology holding company SCB 10X continues investing in tech companies and startups worldwide, demonstrating its commitment towards innovation and exponential growth.

08 November 2021

News/crypto

Siam Commercial Bank buys controlling stake in digital asset exchange Bitkub

Thailand's Siam Commercial Bank has acquired a 51% controlling interest in digital asset exchange Bitkub for $537 million.

04 November 2021

News/crypto

Siam Commercial Bank preps VC fund as it looks to become regional fintech player

Siam Commercial Bank (SCB) is joining forces with Thai conglomerate Charoen Pokphand (CP) Group to create a venture capital fund that will invest up to $800 million in areas such as blockchain, digital assets and fintech.

30 September 2021

Company announcement/payments

Siam Commercial Bank taps Thunes for cross-border payments

Siam Commercial Bank (SCB), Thailand’s first and oldest bank, and Thunes, a global leader in cross-border payments, today announced a partnership to enable consumers and businesses overseas to send funds to Thailand faster, cheaper and with higher transaction limits.

29 June 2021

Company announcement/wholesale

Siam Commercial Bank deploys Surecomp tech in Vietnam and Myanmar

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that Siam Commercial Bank - Thailand’s third largest bank - is deploying the IMEX and allNETT solutions for integrated, straight through digital trade finance processing into Myanmar and Vietnam.

20 May 2021

News/crypto

Siam Commercial Bank launches $50m blockchain, DeFi and digital assets VC fund

SCB 10X, the venture arm of Thailand’s Siam Commercial Bank, has launched a new US$50m VC fund dedicated to investing in global early and growth stage blockchain, decentralized finance (DeFi), and digital asset startups.

09 February 2021

Company announcement/payments

Blockchain-based remittance firm Lightnet forges partnership with Siam Commercial Bank

Singapore-based fintech company, Lightnet Pte. Ltd., has announced a formal partnership with Siam Commercial Bank (SCB), the second partnership initiative the company has taken on the heel of the collaboration with the Swiss SEBA Bank.

27 November 2020