4 Bank Executives: Thai Finance Moves Toward Digital Trust to Attract Global Capital

HoonSmart··TH·Read original
2▲3 ▼0Impact / 5
Summary · why it matters

At The Bangkok Business Summit 2026 seminar, four top bank executives outlined the next steps for Thailand's financial system, pointing out that the transition to the digital era must focus on building digital trust to attract investment and drive the economy. Dr. Pitti Tantaksem, Chief Executive Officer of TMBThanachart Bank, said Thailand has succeeded in shifting payments to digital, with PromptPay transactions averaging over 100 million per day, but faces fraud risks. Therefore, a decentralized data infrastructure is needed to reduce the cost of trust, which currently accounts for up to 50% of revenue. Meanwhile, Mr. Siam Prasitsirikul from Bank of Ayudhya discussed the PromptBiz platform, which helps SMEs access credit faster and is expected to boost GDP growth by an additional 1% to 2% per year. Dr. Kobkarn Pootrakul, Executive Vice President of Bangkok Bank, revealed the direction and next steps for driving the market and financial system, noting that the share of foreign direct investment (FDI) flowing into ASEAN has risen from 4% a decade ago to nearly 20% today. Meanwhile, Thailand's investment promotion applications to the Board of Investment (BOI) surged to 2 trillion baht last year and are expected to reach 2.5 to 2.8 trillion baht this year. Mr. Thanyapong Thammavaranukup from Ascend Money spoke about the growth of virtual banks, with the Bank of Thailand opening applications for licenses for the first time in over 20 years, granting licenses to three entities, which face the challenge of building consumer trust without physical branches.

Impact on assets 3

Financials▲ · 2 stocks
Bank of Ayudhya PCL
BAY
▲ PositiveDemandrelevance

PromptBiz platform helps SMEs access credit faster, boosting GDP growth.

Digital Finance & Tokenization▲ · 1 stocks
Bangkok Bank PCL
BBL
▲ PositiveDemandrelevance

FDI inflows to ASEAN rising and BOI applications surging indicate stronger investment demand.

Off-coverage companies 1

Ascend MoneyPrivate▲ Positive
Regulationrelevance

Bank of Thailand granting virtual bank licenses opens new market opportunity.

© 2026 MarketIVNews