Siam Commercial Bank - Regulation Asia

BOT Issues $1.6bn in Government Savings Bonds on Blockchain

Leveraging IBM blockchain technology, Bank of Thailand's platform reduces a process that previously took 15 days to two days.

October 7, 2020

1.8K

Asia-Pacific

Thailand Starts Issuing Govt Savings Bonds on Blockchain

The new scripless bond platform enhances investors’ buying experience, improves operational efficiency and reduces overall cost, the BOT said.

September 11, 2020

811

Asia-Pacific

Myanmar Awards Licences to Seven More Foreign Banks

The preliminary licences were awarded to three Korean banks, two Taiwanese banks, one Hong Kong bank and one Thai bank.

April 13, 2020

1.8K

Asia-Pacific

Thailand, Cambodia Launch Cross-Border QR Payments

New payments connectivity between the two countries is expected to promote trade, tourism, financial inclusion, and the usage of local currencies in cross-border transactions.

February 20, 2020

628

AML / KYC

BOT Launches Digital Account Opening Tests at Six Banks

Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.

February 7, 2020

526

Asia-Pacific

Myanmar to Issue New Licences to Foreign Banks

Foreign banks that have had a representative office in Myanmar for at least three years can apply for a branch licence or a subsidiary licence.

January 20, 2020

840

Asia-Pacific

BOT Concludes Project Inthanon’s Second Phase

Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.

July 22, 2019

3.8K

Feature

SWIFT Completes Latest gpi Trial with Singapore FAST

All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.

July 22, 2019