Korean mobile-first bank part of consortium that will seek licence in Thailand
Arthid Nanthawithaya, chief executive of SCB X, shakes hands with Yun Ho Yong, chief executive of KakaoBank, following talks about setting up a consortium to apply for a virtual bank licence. (Photo: SCB X)
SCB X Plc is teaming up with KakaoBank of South Korea to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.
SCB X, a financial technology conglomerate and holding company of Siam Commercial Bank, made the announcement on Friday after signing an agreement with KakaoBank, the largest digital bank in South Korea.
SCB X will hold the majority of shares in the consortium and KakaoBank will…
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