KASIKORN VISION INFORMATION TECHNOLOGY (K-Tech) is a subsidiary of KASIKORNBANK (KBank) and serves as the China-based IT hub for KASIKORN Business-Technology Group (KBTG), is gradually establishing itself in the FinTech sector. At KBTG Techtopia 2024, K-Tech once again demonstrated its strong commitment to innovation. Organized by KBTG, this year's event marks the second iteration of this prestigious conference, which is distinguished by its theme of "A Blast From the Future," offering a balanced exploration of AI alongside a variety of other innovative technologies.
Digital Transformation and Innovation
Mr. Fan Yang, Managing Director of K-Tech, stated: "K-Tech's initial mission focused on transforming KBank China from a traditional foreign branch into a leading digital banking entity. This strategic overhaul has led to a remarkable fivefold increase in credit size over six years, with digital services now representing over 40% of KBank China's portfolio and a customer base that has grown to 2 million.
K-Tech's innovation strategy extends into the web3 domain, where it supports core platform development for Quarix, Coral, DA Custodian, and DA eKYC. In collaboration with KBTG, K-Tech has developed a suite of products and solutions that leverage blockchain technology, enhancing mobile banking, credit risk management, retail lending, and supply chain financing."
AI-Driven Digitalization: The Next Frontier
As K-Tech looks to the future, AI-driven digitalization stands as a critical focus area. With data, customers, and channels primed to unlock AI's potential, K-Tech, as the R&D hub of KASIKORNBANK in China, is poised to forge collaborations with Chinese tech giants. This strategic approach promises to enrich AI modeling and solutions across fundamental and application layers.
Partnerships with industry leaders like Huawei, which offers a comprehensive stack from hardware to platforms and application layers, and Baidu, a frontrunner in large language models and autonomous driving, underscore K-Tech's commitment to innovation. These collaborations aim to explore and implement AI applications that streamline banking operations and enhance customer experiences.
AI in Banking: Exploring Opportunities
K-Tech is revolutionizing the banking workflow with AI applications, automating the labor-intensive reporting process. Our AI app streamlines data storage circles, reducing manual programming and saving valuable time. At the same time, K-Tech is tapping into the vast potential of AI applications in banking. With numerous full-stack banking use cases that leverage AI for chatbots, robo-advisors, and intelligent marketing tools, K-Tech is poised to act as a central hub, introducing these solutions to Thailand. Our goal is to develop and implement the best-in-class AI solutions tailored for the Thai banking industry, solidifying our role as a FinTech innovator committed to enhancing banking services with state-of-the-art technology.
China's Solution to AI Ethics and Responsibility
Mr. Fan Yang addressed the importance of ethics and responsibility in AI, especially in generative tasks. With a focus on creating mature products based on accuracy and high-quality data, K-Tech is committed to understanding business scenarios and regulatory environments. The company's approach to AI is grounded in providing serious services to customers, ensuring quality and accuracy in banking services. We emphasize the transparent transfer of technology, ensuring that advanced solutions from China are ethical and respectful of diverse cultural and regulatory contexts. The company's experience in China's complex market, with its high standards and varied demographics, positions K-Tech to provide mature AI solutions to Thailand and internationally.
About K-Tech
KASIKORN VISION INFORMATION TECHNOLOGY (K-Tech), a China-based Fintech company under KASIKORNBANK (KBank) and KASIKORN Business-Technology Group (KBTG), is actively exploring in the FinTech sector, earning the unique status of being the first foreign bank-affiliated company to receive regulator certification. Since its establishment in 2020, K-Tech has been driving the regional expansion of KBank with a commitment to innovation and excellence. We are determined to Become a Leading Fintech Company in China ASEAN Region.
