"One of Krungthai Bank’s key strategies is to create an ecosystem"
under the 5 targeted ecosystems--payment, government agencies, educational institutions, healthcare entities and transportation--and drive the nation’s economic growth. With advantages gained from executing various government schemes, Krungthai Bank is able to build Thailand’s largest financial platform. As a result, the Bank has big data that can be leveraged to improve the efficiency of government schemes. It also opens up opportunity for the society to have equal and inclusive access to financial services.
Government Agency Ecosystem
The Pao Tang application and advanced technology have been used to develop financial services that connect the government and its citizens to ensure that the services are efficient, swift and accessible for all while leaving no room for corruption. Government schemes that the application supports include the following.
Educational Institution Ecosystem
Moreover, the Bank has cooperated with the Student Loan Fund to develop the Digital Student Loan Fund System (DSL) on the Pao Tang application to provide greater convenience for both borrowers and guarantors with paperless procedure and digital ID verification.