![]() ![]() Benjamin Van Roy, Ph.D., contributing to valuable knowledge and experience sharing in driving new innovations Thaweesak Koanantakool, Vilasinee Puddhikarant and Prof. World-class partners – partnership with the Massachusetts Institute of Technology (MIT), opening access to new cutting-edge technology still under development, an advisory panel including leading business gurus and veterans from various industries: Dr.Support from Siam Commercial Bank – high-impact projects to improve SCB’s service, allowing for best case learning and development of scalable solutions in the future.Talent – a strong team of professionals with experience from world-class organizations. ![]() Key strengths of SCB Abacus that sharpens its competitive edge comprise of: We also look forward to forming partnerships with public and private organizations to drive innovation culture in Thailand towards the Finance 4.0 era and to generate sustainable growth towards the future.” With this in mind, SCB Abacus mission is to develop advanced technology using AI algorithms to unlock capability to gain insights and learn from vast amount of data and to develop new products and services that meet the business needs of Siam Commercial Bank as well as other business organizations. The role of AI in enhancing business competitiveness is becoming more apparent. Similarly, in the banking industry, AI has been used to detect for credit card fraud, to make investment recommendation by the so-called robo-advisors, and to recognize faces via a facial recognition payment system. Sutapa Amornvivat, Chief Executive Officer, SCB Abacus Co., Ltd., “Today AI technology has already been integrated into our daily life, Machine Learning technique, a branch of AI, has long been used to classify spam emails, to make personalized shopping recommendation on e-commerce platforms, and to recognize people using photos posted on social media. SCB Abacus is a major milestone in the transformation of banking and financial industry in Thailand and Southeast Asia.”Īccording to Dr. SCB Abacus is the first spin-off company in the financial sector in Thailand and Southeast Asia fully dedicated to AI, a key enabling technology that helps SCB build an exponential growth to its innovation and service development capacity, as well as better meet business and financial needs of diversified customers. The establishment of SCB Abacus aims to leverage emerging AI technologies as part of 'SCB Transformation' mission to become ‘The Most Admired Bank’, with a focus on using AI and advanced data analytics to enhance business efficiency and service quality. We will continue to take proactive steps towards innovation development. This can be seen in the recent launch of the latest version of SCB Easy application and the newly launched Chatuchak Guide application. Siam Commercial Bank has been aware of this changing trend and has continued to improve customer service to keep up with the digital evolution. Arthid Nanthawithaya, President & Chief Executive Officer, The Siam Commercial Bank Public Company Limited, revealed that “The crucial role of technology and innovation are becoming more visible in the banking and financial sector. The company’s ultimate goal is to become a leader in AI technology to elevate the banking and financial industry in Thailand and Southeast Asia and to drive AI development in Thailand to the international level. Positioned as an AI-powered analytics company, the first spin-off in the Southeast Asian banking industry, SCB Abacus strives to strengthen the capability of Siam Commercial Bank in meeting customer’s needs in a more customized, secure, and faster manner, as well as improving efficiency. Siam Commercial Bank announced the establishment of SCB Abacus, a wholly owned subsidiary focusing on the development of Artificial Intelligence (AI) technology to enhance business operation efficiency and service quality. ![]()
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