Digitalization prompts Thai commercial banks to remodel their business

Digitalization prompts Thai commercial banks to remodel their business

Once dubbed as a sleeping partner, Thai commercial banks are set to experience numerous challenges next year.

Apart from the slower economy, an entry of digital technology has prompted Thai banks to further remodel their business in line with the evolution in the financial service system.

Next year could be tough for commercial banks to maintain their profitability as the Thai economy is set to grow at a slower pace than this year’s. The lower growth is attributed partly to the gloomy external trade environment.

Full story: https://www.thaipbsworld.com/digitalization-prompts-thai-commercial-banks-to-remodel-their-business/