SCB Partners with Sunline for Comprehensive Core Banking System Upgrade

Thailand’s Siam Commercial Bank (SCB) collaborates with Sunline to enhance its core banking system, aiming to improve operational efficiency, customer experience, and digital transformation. The upgrade will integrate advanced technologies to support SCB’s strategic growth and innovation objectives.

Thailand’s Siam Commercial Bank (SCB) has announced a strategic partnership with Sunline, a leading global fintech solutions provider, to undertake a comprehensive upgrade of its core banking system. This collaboration marks a significant step in SCB’s ongoing efforts to enhance its operational efficiency, customer experience, and drive digital transformation.

The new core banking system, powered by Sunline’s advanced technological solutions, will enable SCB to streamline its operations, reduce costs, and deliver more personalized services to its customers. Sunline’s platform is designed to support a wide range of banking services, including retail and corporate banking, which will help SCB meet the evolving needs of its diverse customer base.

The upgrade is expected to provide SCB with a more flexible and scalable banking infrastructure, allowing the bank to quickly adapt to market changes and introduce new products and services with greater agility. This is particularly important as the banking industry continues to undergo rapid digital transformation, driven by changing customer expectations and the increasing adoption of digital banking channels.

Yingluck Shinawatra, CEO of SCB, expressed confidence in the partnership with Sunline, stating that the new core banking system will play a crucial role in supporting SCB’s long-term strategic goals. “By leveraging Sunline’s cutting-edge technology, we are positioning SCB to better serve our customers and remain competitive in the digital age,” she said.

Sunline’s CEO, Matthew Chen, highlighted the significance of this partnership, emphasizing the company’s commitment to delivering innovative banking solutions. “We are excited to work with SCB and contribute to their vision of transforming the banking experience for their customers,” he commented.

The implementation of Sunline’s core banking system is set to begin immediately, with full deployment expected within the next 18 months. This initiative underscores SCB’s dedication to embracing innovation and maintaining its leadership in Thailand’s banking sector.