Bangkok Bank’s virtual gamble: A licence to thrill in digital banking

In a bold move set to shake up the banking scene, Bangkok Bank (BBL) is betting big on bagging a coveted virtual bank licence, boasting the might of its powerhouse partners as a strategic edge. The bank is convinced that its dream team will help it emerge victorious in the bustling virtual banking battleground.

Kobsak Pootrakool, BBL’s senior executive vice-president, isn’t shy about sharing the secret sauce for virtual banking triumph: Cutting-edge core banking technology, a thriving ecosystem, and savvy risk management.

Lessons from global virtual banking giants have shown that, unlike their brick-and-mortar counterparts blowing budgets on core banking tech, virtual banks make data their bread and butter for business success.

BBL’s dream team includes five heavyweights: Sea Limited, VGI from BTS Group, Saha Group, Thailand Post,…