Bangkok Bank joins Techsauce Global Summit 2018 to provide new generation startups with relevant knowledge and access to financial technology by focusing on future trade finance solutions as well as financial and investment advice from professionals

Stocks and Financial Services Press Releases Friday June 22, 2018 13:43
Bangkok--22 Jun--Bangkok Bank

Bangkok Bank Vice President, Office of the President, Dr. Pao Sriprasertsuk said the bank supported and organized a booth in Techsauce Global Summit 2018. The event aims to promote and upgrade the technology ecosystem both in Thailand and Southeast Asia as well as to link entrepreneurs at all levels, investors and related parties, to startup business and investors worldwide under the concept of "The Future is Here … The Future is Yours". The event features special talks for global executives and technology specialists to exchange their ideas, a business-matching session for entrepreneurs, a startup pitching contest for more than 20 contestants from around the world, and a booth to provide useful advice on investment.

The bank's booth at this event was organized under the concept of "The Future of Banking" with the aim of featuring the bank's financial innovation and technology such as Future Trade Finance Solution and Bangkok Bank InnoHub. The booth also presents the bank's future steps in providing knowledge to startups in order to enable them to create products and services that meet the needs of customers and investors through Bualuang Ventures and PromptPay QR Payment for iPay technology.

The bank's executives and business partners also shared their vision in panel discussions including The Future of Trade Finance on the Fintech Vertical Stage. Bank executives were joined by executives from the R3 distributed ledger consortium. The discussion portrayed a future for Trade Finance in which technology would play a major role in making it faster as well as more secure and efficient. This will stimulate entrepreneurs to make their transactions via digital channels, especially international trade finance transactions.

Nest, a global innovation platform supporting entrepreneurs, is a partner in co-mentoring startups in the Bangkok Bank InnoHub Accelerator Program. The bank also has experts from MIT Sloan School of Management to offer knowledge about future innovation developments to corporates and businesses. In addition, Homeprise, a successful company with a new business model regarding a platform for home decoration and markets selling products for home decorations, will share its practical business experience.

Bangkok Bank has set a growth strategy for financial services to startups by providing support on funding, knowledge and technology to help businesses grow in a well-rounded and sustainable manner to meet business needs in each business cycle.

"Startup businesses will have a need for financial advice and services at different stages in time. It is important to understand what the business needs in each moment, so we will be able to provide real, beneficial advice and services as a 'trusted partner'. The bank has long-standing knowledge and experience with startups and also is the only Thai bank that has strong domestic and international networks, with an extensive international branch network comprising branches in 32 locations in 15 economies worldwide as well as relationships with more than 1,000 correspondent banks around the world. Our network is located in major trade markets of Thailand and major financial centers of the world, particularly in east Asia, a regional which is driving the global economy towards a challenging new future. At the same time, the bank is also working with business and technological partners to provide efficiency and capability for the bank in terms of providing a full range of services to its customers," said Dr. Pao.

Attendees at the Techsauce Global Summit 2018 can get business advice as well as experiencing registration using facial recognition technology to get a free beverage at the Bangkok Bank booth on June 22-23, 2018 at the Centara Grand Hotel at Central World.

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