Digital bank statements get underway
Financial institutions collaborate with BoT
Banks launched a digital bank statement (dStatement) service yesterday to offer greater convenience to customers.
The initiative is a collaboration between the Bank of Thailand (BoT), 11 financial institutions under the Thai Bankers’ Association (TBA) and Government Financial Institutions Association (GFA).
The service is a financial information exchange for sending and receiving bank statement data directly between banks in a machine-readable digital format.
The service allows customers who need to submit bank statements as supporting documents to request and send their bank statement data directly from one bank to another using their own mobile banking apps or via other channels.
Initially the service will be provided by six banks…
