A ubiquitous name and a familiar face among startup enthusiasts, Sam Tanskul, the Managing Director…
Mr. Thakorn Piyapan, Krungsri Head of Krungsri Consumer Group and Head of Digital Banking and Innovation Division said the Krungsri RISE Batch 3 2018, which is our collaboration with RISE, is deemed a key success factor for us. The area of focus for the 3rd Batch is in Khon Kaen and Chiangmai provinces for Thailand. More importantly, this is the first time the competition is heralded in Singapore and Vietnam to find the rising startups in ASEAN countries.
10 finalists whose projects best matched with the Bank’s business were announced, including projects on big data, artificial intelligence, and payment operations, that would augment Krungsri’s ability to provide enhanced financial services and to win new customer segments. Similar technologies have been applied to various operations of the Bank, including credit scoring for Krungsri First Choice credit card application. Over 40 startups are expected to partner up with Krungsri by the end of 2018.
Mr. Sam Tanskul, Managing Director of Krungsri Finnovate Co., Ltd, said Krungsri Finnovate currently invests in Fund of Fund and 3 startups, 2 of which participated in Krungsri RISE project. Each startup is different in its strength i.e. robo advisor, payment solution, and data analytics, but all of which sharpened the competitive edge of Krungsri Group. In 2018, we aim to invest 500 million baht in 4 more startups to add the digital elements to the Bank’s products and services.
The Krungsri RISE Batch 3 2018 is the first competition where different business units of Krungsri Group such as Commercial Products, Human Resource, Consumer Digital Solution, UCHOOSE Application, Krungsri Auto, Krungsri Finnovate and Innovation Lab are invited to contribute in the program. The 10 finalists focus on application development in several categories, including Chatbot, SaaS, AI as well as loyalty programs, automatic advisory service, online shopping rebate, auto financing, data analytics, lifestyle advertisement, smart city, and credit scoring.
The startups recently acquired by Krungsri Finnovate consisting of: