Substantial private funding to transform Thai financial institutions through AI and data.
Ongoing; Thai banks are expected to continue upgrading systems throughout the decade.
Thailand
AI for real-time fraud detection
Machine learning chatbots (Thai language processing)
Data analytics for personalised banking
Cloud and automation solutions for efficiency
Fintech/AI startups
Cloud and data platform integrators
Cybersecurity/RegTech providers
Banking software vendors
Thailand’s banks have embraced digital transformation to enhance customer experience and remain globally competitive.
Kasikornbank (KBank) has established a USD 100 million fund for AI, cybersecurity, and data-centric ventures, while Krungsri (part of MUFG) collaborates with AWS to modernise its cloud-based services.
Financial institutions are also using AI to refine fraud detection, speed up digital customer onboarding, and tailor financial products to various market segments.
Chatbots in the Thai language (powered by NLP) are another growing niche.
Silberstein + Partners is helping companies across various tech industries to take advantage of this growth opportunity. Get in touch to find out more.