of Siam Commercial Bank (SCB) plans to modernize its core banking system through a new partnership. Sunlinea global provider of banking technology services. This is said to be SCB’s first IT architecture refresh in over a decade.
The collaboration aims to enhance SCB’s IT architecture and improve the efficiency, stability, security and scalability of financial transaction processing for deposits and loans to accommodate growing transaction volumes.
The partnership is in line with SCB’s “Digital Bank with a Human Touch” strategy, which focuses on providing customized financial solutions to both retail and corporate clients.
The modernization project, expected to take four years, will see SCB strengthen its leadership as a fully-fledged digital bank.
Chris Chantanotke
Chris Chantanotke, CEO of SCB, said:
“This partnership will modernize SCB’s core banking system to improve performance in processing financial transactions such as deposits and loans, with greater efficiency, stability, security, availability and scalability to accommodate the ever-increasing volume of transactions, 24/7.”
This strategic partnership will enable SCB to rapidly deliver customized financial solutions and seamless experience to its retail and corporate clients. This will not only strengthen SCB’s core IT infrastructure but also set new benchmarks in the financial industry at national and global levels with its focus on delivering excellence in customer experience.”
Avi Lim
Avi Lim, group executive vice president of Shenzhen Sunline Technology and vice chairman of Sunline Holdings, added:
“As a leading banking IT solutions and services provider with over 20 years of experience, we are committed to building financial industry-specific solutions for the world of the future. We are honored to partner with SCB. This marks our first important step as a technology partner in China, as we work with SCB to further modernize their core banking system to drive greater efficiency.”
This partnership elevates Thailand’s core banking infrastructure to the forefront of global banking and is a testament to our commitment to developing advanced banking IT solutions and transforming the banking industry.”
Featured image: SCB’s CEO Chris Chantanotke (second from right) and president and chief technology officer Orapong Thienggeln (right), Shenzhen Sunline Technology’s group CEO Jameson Li (second from left) and Shenzhen Sunline Technology’s group executive vice president and Sunline Holdings’ vice chairman Avi Lim (left) jointly announced the partnership at Siam Commercial Bank recently.
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