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✅ The 3 applicants out of 5 for Virtual Banking license 🪪
5️⃣ SCB X, KakaoBank, and WeBank : This group brings together SCB X's innovation, KakaoBank's South Korean digital banking expertise, and WeBank's advanced technology in digital banking.
In Sep 2021, #CP Group and #SCB have jointly set up a $600-800m Venture Capital fund to invest in disruptive technology globally.
In 2020 SCB setup SCB 10X, the digital technology investment arm that invests in disruptive technologies with global access to VC network and deals. SCB 10X has established a very strong investment track record, and is emerging as a leader in the blockchain and digital assets technology space in Asia. With this, SCB 10X will manage and operate this venture capital fund, along with CP group.