Corporate Innovation Runway for Moonshot Bets

Topic
Financial Technology        

Kasikorn Bank is taking further leaps with corporate innovation through Kasikorn Business-Technology Group (KBTG) as it provides support for moonshot innovation. With the aim to boost IT management and service efficiency, enhance competitiveness amid FinTech transitions, and maintaining business leadership. KBTG has covered areas such as blockchain, Internet of Things, Machine Learning, and mobile applications. Its latest move is Project Apollo, which is coming out with three new services by the end of 2019. The first is the KhunThong Chatbot which is set to let KBANK have a closer relationship with customers by providing guidance and convenience in paying loans. The second is the Data Wallet, which allows users to provide their personal data such as health data from a fitness app on their phones in exchange for special privileges such as insurance packages. The third service is Face Pay, which allows customers to pay for services or products or make money transfers by using facial recognition technology. Join in the discussion on the future of banking.