SCB X, a holding company of Siam Commercial Bank and SCB X Group, has invested US$50 million via an indirect investment in Indonesia-based Bank Jasa Jakarta (BJJ) through WeLab Sky as part of SCB X's strategy to become a regional financial technology group.
Arak Sutivong, deputy chief executive of SCB X, said the indirect investment in BJJ is part of a move to become a major digital service platform, expanding its digital banking service in the region.
BJJ operates a traditional banking service and plans to transform into a digital banking platform to offer several financial services.
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