SCBX, the financial technology business group of Siam Commercial Bank, announced its readiness to apply for a license to establish a virtual bank with South Korean digital bank KakaoBank.
This partnership involves the formation of a consortium, in with SCBX holding a majority stake and KakaoBank holding a stake of at least 20%.
Currently, SCBX and KakaoBank are jointly exploring opportunity to identify other strategic partners to accelerate this process.
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