Thailand’s SCB taps Sunline for core banking upgrade
Siam Commercial Bank (SCB), Thailand’s oldest bank established over 110 years ago, has selected China-based banking software vendor Sunline to modernise its core banking system and upgrade its IT architecture.
SCB partners with Sunline to revamp its IT architecture
SCB states the new collaboration with Sunline will further its “Digital Bank with Human Touch” strategy and will enable the bank to improve the financial transaction processing performance for deposits and loans with “enhanced efficiency, stability, security, and scalability to cater to an ever-increasing number of transactions”.
Speaking on the new strategic partnership, Kris Chantanotoke, CEO of SCB, adds the bank will be able to utilise its new core tech to “quickly offer tailored financial solutions and seamless experiences to individual customers and corporate clients”.
“Not only will this strengthen SCB’s core IT infrastructure, it will also set a new benchmark for the finance industry on both the domestic and global levels,” Chantanotoke concludes.
SCB adds that the integration of the new core banking system “is expected to take four years, progressing toward SCB’s leadership as a full-fledged digital banking entity”.
Founded in 2002 and headquartered in Shenzhen, Guangdong, Sunline caters to banks and financial institutions of “all sizes”, offering a wide array of big data, foreign exchange and treasury, core banking, and digital banking solutions. The company currently claims to have more than 800 customers across the banking and finance sector worldwide.
