NEWS
KBank in US $ 2.7 billion technology drive to expand banking to Thailand
KASINKORNBANK ( KBank ) has announced a US $ 2.7 billion strategic programme aimed at boosting access to banking services among Thailand ’ s unbanked and underbanked population as well as very small businesses and the self-employed . The programme includes accelerated investments in technology , technology-related acquisitions , commercial partnerships , organisational development , as well as adopting other technologydriven methods to boost access to banking services among a broader range of the public .
“ We ’ re taking a bold step , and , through technological leadership , aim to transform banking in Thailand in ways that can help more people enter the banking system and benefit from banking products and services ,” said Kattiya Indaravijaya , Chief Executive Officer , KASIKORNBANK . “ We ’ re already a bank that has the great strengths and reliability of a traditional bank serving a wide range of customers . What we ’ re now doing is to fuse on to that successful core the disruptive DNA of a ‘ challenger bank ’.” Challenger banks have been a disruptive phenomenon in many countries ‘ challenging ’ legacy banks
by using new technology to make banking products more accessible . Challenger banks have also appealed to traditional bank customers by eliminating cumbersome processes and providing faster services that are easy to use , available everywhere and always-on .
80 % of financial organisations to put web scraping first in the next 12 months
getting access to a larger volume of information through web scraping . The findings highlight the important role data collection plays in helping financial organisations gain valuable insight into their performance , as well as key industry trends . As a result , web scraping providers should look to accommodate the increasing volume of financial services companies who want to put further emphasis on the process , while acting quickly to alleviate their lingering concerns .
Four in five financial service organisations expect to shift their focus more towards web scraping in the coming 12 months , according to the findings from Oxylabs ’ whitepaper , Alternative Data Unlocks Key Decisions in the UK & US Finance Industries . Among the main reasons given for such a shift were enriching the data they have available , making extraction more efficient and
“ It seems like over the last 12 months the attitude towards web scraping has changed drastically and while it is not surprising , it is incredibly telling ,” said Gediminas Rickevičius , VP of Global Partnerships at Oxylabs . “ Companies in the finance sector are seeing others gain an informational advantage through new data acquisition methods . To keep up , companies need to make the shift themselves . The results also highlight a clear distinction between the US and UK , with companies in the US more enthusiastic about the shift ( 86 % vs 74 %) than UK businesses .” www . intelligentfin . tech
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