Siam Commercial Bank (SCB) plans to ramp up digital bonds as part of its digital banking strategy, aiming to provide more convenience to retail bond investors.
Tanik Tarawisid, first executive vice-president of SCB, said the bank is launching a new bond feature on its mobile banking app, SCB Easy, allowing customers to access bond investments more easily.
The new digital bond feature called Easy-D is a digital bond depository service, scheduled to launch on April 5.
Under the Easy-D feature, SCB expects the proportion of scriptless bond deposits at the bank to increase to 50% of total bonds by 2025 from 14% now.
The bank also plans to add more digital bond features and services on the digital platform in the next phase.
According to Mr Tanik, digital service development will provide customers with more convenient financial services and expand the bank’s wealth…
