Growth Opportunity

AI transformation of financial institutions

Substantial private funding to transform Thai financial institutions through AI and data.

Timeframe

Ongoing; Thai banks are expected to continue upgrading systems throughout the decade.

Markets

Thailand

Opportunity Areas

AI for real-time fraud detection

Machine learning chatbots (Thai language processing)

Data analytics for personalised banking

Cloud and automation solutions for efficiency

Interesting for...

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.

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