Siam Commercial Bank and Digital Ventures Faster Future Forum 2018 opens up new perspective of fintech leader, highlighting world-class partner and blockchain solution showcase

Stocks and Financial Services Press Releases Monday March 12, 2018 18:28
Bangkok--12 Mar--Ogilvy Public Relations

The Siam Commercial Bank joined hands with its financial technology investment arm Digital Ventures, to organize "Faster Future Forum 2018", under the topic UNLOCK BLOCKCHAIN: The World DISRUPTIVE Technology. Held for the second consecutive year, the forum highlighted the latest insight into blockchain, the promising technology that is transforming the world of business, covering technology overview, and its applications in various businesses in the age of digital disruption. The forum welcomed over 600 senior executives of Siam Commercial Bank, the bank's corporate customers, representatives from Thai financial regulatory authority, fintech business insiders and the media.

Dr. Arak Sutivong, First Executive Vice President and Chief Strategy Officer, The Siam Commercial Bank PLC, said that "We are aware of technological changes and foresee that blockchain technology can applied to almost every business and industry. As a key player in financial sector, one of the first industries to study and adopt blockchain to bring business benefits to the bank and customers, SCB hosts the Faster Future Forum 2018 to reflects our ambition to lead the industry in becoming blockchain solution provider for our customers and help them better understand the technology and gain essential know how for its application in businesses."

According to Polapat Arkkrapridi, Managing Director, Corporate Venture Capital, Digital Ventures, "Faster Future Forum 2018 aims to provide knowledge and multifaceted perspectives of blockchain in order to notify that this disruptive technology is not only transforming the financial world, but revolutionizing the entire business world, with showcase of case studies from various business sectors."

Faster Future Forum 2018 brings together international top business leaders in the field as guest speakers, including:
  • Keynote on "Blockchain Changes the World" by Polapat Arkkrapridi, Managing Director, Corporate Venture Capital, Digital Ventures
  • Fireside chat with Brad Garlinghouse, CEO of Ripple, the global provider of financial settlement solutions using blockchain technology: with topics including blockchain in general, applications on blockchain in businesses and regulator's role
  • Panel discussion: How Blockchain changes the world, with guest speakers including:
Dr. Bhume Bhumiratana, Technology Consultant for the Security and Exchange Commissioner Office, Thailand (SEC)
Val Jihsuan Yap, Founder of PolicyPal, an InsurTech startup and one of Forbes 30 Under 30 Entrepreneurs Asia 2017
David Davies, founder and CEO of AgUnity, an impact venture that empowers developing world farmers with a smartphone and blockchain solution

"We hope that the audience of the forum will gain more insightful understanding in blockchain and can see the linkage to its application in businesses. Blockchain will potentially become a key tool in changing the way we do business and bring about new business models to meet changing consumer behavior in the digital age. As a mediator of exchange money or anything of value online, blockchain can be implemented in many business applications other than financial service," added Polapat.

This event is part of Digital Ventures' mission, a major step ahead following our initial move in building business fundamentals and networking in fintech ecosystem in overseas markets. Digital Ventures is keen to cascade the knowledge from the investment and technology network to Siam Commercial Bank, as well as the bank's corporate customers across various business sectors. As part of a driving force in Thai financial sector, this forum is slated to ignite Thai businesses to take a bold step, together with Siam Commercial Bank, on the journey towards the digital transformation.

About Digital Ventures

Founded in 2016, Digital Ventures, a subsidiary of Siam Commercial Bank, is a company that promotes innovation in financial technology. Following the bank's strategy to enter digital transformation, Digital Ventures aims to be a part in driving changes in the banking industry through investment, innovation and supporting Thai businesses to grow with SCB. At its inception, Digital Ventures has 50 million USD capital (1,750 million baht) for investment in financial technology.


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