BANGKOK, July 18 (TNA) – The Bank of Thailand (BOT)
continues its efforts to promote efficient financial technologies in the
Bangkok Fintech Fair 2019.
BOT governor Veerathai Santiprabhob said at the opening of
the Fair on Thursday that Fintech promotion was an important policy of the BOT,
seeking to improve productivity and lower operating costs with higher security.
Key factors in promoting Fintech included high
accessibility, good connectivity among financial institutes, customer
motivation and flexible regulation, Veerathai said.
By adopting innovative technology, business operations could
cut down the operating costs significantly while able to share and use Big
Data, he added.
The two-day Bangkok Fintech Fair this year features
symposiums of Fintech experts, innovations and financial solutions by the
banking industry. (TNA)
