On 28th March 2019, Rawin Boonyanusasna, Senior Executive Vice President — Head of Global Markets Group of Krungthai Bank, Alex Lane, CEO of EVX Holdings, and U Thein Zaw, Executive Vice Chairman of Shwe Rural & Urban Development Bank signed a Letter of Intent to introduce the 1st cross-border blockchain-powered money transfer services between Thailand and Myanmar.
IBM (NYSE: IBM) and Krungsri (Bank of Ayudhya PCL), one of Thailand's largest financial institutions with 8.6 million credit cards, sales finance, and personal loan accounts, today announced a five-year US$140M engagement, to support the bank's future roadmap for growth and focus on digital banking.
Charles River, a front- and middle-office investment management solution provider, today announced that Krung Thai Asset Management Public Company Limited (KTAM), a leading asset management firm based in Bangkok, has selected the Charles River Investment Management Solution (Charles River IMS) delivered as a managed application.
Financial Architects (FinArch), the market leading vendor for integrated Finance and Risk software solutions, is pleased to announce that Krung Thai Bank has selected its flagship Financial Studio to address Bank of Thailand (BOT) IAS 39 requirements.
Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Krung Thai Bank has selected Fiserv for asset/liability, market risk, interest rate risk, foreign exchange risk and daily bank-wide liquidity risk management.
The Bank of New York recently signed an expanded electronic banking and cash management services agreement with Krung Thai Bank, making Krung Thai Bank the first local bank in Thailand to offer its clients an Internet-based system for payment and trade transaction processing.
Krung Thai Computer Services (KCS), a subsidiary of Krung Thai bank, is using technology from Belgium-based Clear2Pay to develop a central payments hub.
Bangkok-based Krung Thai Bank is deploying Reuters' hosted foreign exchange dealing platform, Reuters Electronic Trading - Automated Dealing (RET-AD).
Thailand's Bank of Asia, Krung Thai Bank and Kasikornbank have joined the Mobile Payment Club, a new payments service that will enable customers to make purchases and pay bills via their mobile hand sets.
Bangkok-based Krung Thai Bank has contracted with Reuters for the supply of real-time trading room risk software and a back office system to handle processing and cash management for its entire banking network.
© Finextra Research 2019