SCB to modernise core banking system with Sunline

Siam Commercial Bank (SCB) has partnered with Sunline, a global provider of banking technology services, Sunline will revamp the IT architecture for SCB’s core banking system modernisation to deliver better financial transaction processing performance for deposits and loans with enhanced efficiency, stability, security, and scalability to cater to an ever-increasing number of transactions.

The development of the new core banking system is expected to take four years, progressing toward SCB leadership as a full-fledged digital banking entity.  

This strategic partnership will enable SCB to quickly offer tailored financial solutions to individual customers and corporate clients

Kris Chantanotoke, Chief Executive Officer of SCB, said: “We are well aware of changes in the financial landscape and consumer behaviors in the digital age. This is reflected by the exponentially increasing volume of transactions via digital channels, combined with our confidence in the enormous potential of digital transformation that will help drive business growth and enhance the customer-centric digital banking experience along with our Digital Bank with Human Touch” strategy. The partnership between SCB and Sunline, a leading global provider of IT solutions for the banking industry, is another key step for Thailand’s finance sector.

“This is the first IT architecture revamp in over a decade. The partnership will lead to the modernisation of SCB’s core banking system to deliver better financial transaction processing performance, such as deposits and loans with enhanced efficiency, stability, security, availability, and scalability to cater to an ever-increasing number of transactions 24/7. This strategic partnership will enable SCB to quickly offer tailored financial solutions and seamless experiences to individual customers and corporate clients. Not only will this strengthen SCB’s core IT infrastructure, it will also sets a new benchmark for the finance industry on both the domestic and global levels, as we are committed to delivering excellence in the customer experience.”