Fintech's Next Gen Digital Transformation & Cloud Infrastructure, business of the Future

The Financial World is changing rapidly. The matter of FinTech, the term that many people knew 4 years ago, has a completely different context than today. Financial institutions are no longer just banks.

And the world is rapidly transforming into a digital format especially during COVID-19. Cashless Society is not new. Traditional businesses like market stalls has switched to using Online Finance and New Financial Technologies requesting a loan or certain types of transactions Not just a Bank.

Currently, Thailand has the #1 on Mobile Banking User in the world. From the ratio of internet users between the ages of 16-64 years, there is also a statistics of payment via e-Wallet and statistics of using e-Commerce services that are the 2nd and 3rd highest in the world respectively. All of which represent a major shift in financial transaction patterns.

Major change is a player in the Financial World in Southeast Asia. Become a Big Tech Company, whether it's Grab, LINE, or Telecom.

In addition to changing the way of shopping, the continued movement of the Fintech World has a direct impact on traditional systems and financial institutions. Banks need to reduce the number of employees, reduce the number of branches to meet changing consumer behavior. Financial institutions or regulatory bodies for transactions It is necessary to legislate and create a new monetary policy to ensure the change in financial patterns. And need to learn new technologies increase with Whether it's Cloud, AI or Data technology, etc.