The Latest Breaking News from SCB X

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.

Siam Commercial Bank (SCB), Thailand's oldest lender, is viewed as an outstanding stock to watch given its fintech business expansion and high-yield lending services, according to Asia Plus Securities (ASPS).

With the recent news of the SCB X-Bitkub deal falling apart and the Zipmex incident, investors in Thailand's digital currency market are facing a negative outlook. The Bangkok Post provides a recap of these events and gathers the views of investment analysts on the lessons learned and where things are…

Stock analysts and industrialists in the digital asset business shared their views and the lessons learned after the aborted plan of SCB X group to acquire shares in the crypto exchange market Bitkub Online last week.

SCB X Group's planned investment in Bitkub Capital Group Holdings' crypto exchange has been cancelled, amid uncertainty over Bitkub's settlement of regulatory issues with the Securities and Exchange Commission (SEC).

While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs.

The local banking sector recorded improved net profit for the first half year-on-year, attributed to higher interest income.

Digital lending platforms run by the large commercial banking groups Kasikornbank (KBank) and SCB X are posting strong growth, in line with changing consumer behaviour in the digital era.

SCB X Plc is considering options including a sale of its asset management unit, people familiar with the matter said, amid growing industry consolidation in Southeast Asia’s second-largest economy.

Y.S.S.P. Aggregate, a water resources development company, is raising funds for industrial expansion via an initial coin offering (ICO) with Token X Company Ltd, an ICO portal under SCB X.

SCB Easy, the mobile banking app of Siam Commercial Bank (SCB), has strengthened its infrastructure to become a comprehensive digital banking platform.