BAY will invest in tech unicorn Grab through its fintech venture arm, Krungsri Finnovate. The Thai bank will invest through its financial technology venture arm, Krungsri Finnovate, said Thakorn Piyapan, head of digital banking and innovation at BAY. The bank has also used Grab data to offer digital loan services to Grab drivers as a pilot project. The bank plans to expand consumer finance by 178 billion baht this year, partly through digital loans, he said. BAY shares closed Friday on the Stock Exchange of Thailand at 28.25 baht, unchanged, in trade worth 5.6 million baht.

Source: Bangkok Post February 23, 2020 23:15 UTC