Tech

Thailand opens 1st Digital ID Symposium

The event is featuring discussion sessions with international experts from countries such as India, Estonia, and Singapore, regarding the development of a digital personal identification and verification system or Digital ID.

Published

3 weeks ago

June 29, 2019

National News Bureau of Thailand

BANGKOK, 29 June 2019 (NNT) – Good progress has been made recently in digital personal identification systems. The Ministry of the Digital Economy and Society (MDES) is set to pilot a Digital ID system with financial institutions ensuring highest security protection in services.

The Electronic Transactions Development Agency (ETDA) has joined hands with government agencies and private companies to hold the Thailand Digital ID Symposium 2019 event aimed at unlocking Thailand’s digital economic potential by learning from successful Digital ID system implementations in foreign countries

The Minister of the Digital Economy and Society, Pichet Durongkaveroj said today the government is pushing Thailand towards a digital economy, by promoting safe, fast, and secure online transactions using a Digital ID infrastructure. The government has enacted many digital-related bills enabling integration of government data, and allowing the general public to receive better, faster, and more convenient services from government agencies.

The new connectivity allows a government agency to access data from other government agencies, and the general public is only required to present their ID card for verification in most cases, reducing the use of paper.

The Digital ID infrastructure will allow for completely online One Stop Service transactions without putting any burden to the general public. Non-classified government data will also be disclosed, benefiting the private sector especially startup businesses and ensuring transparency.

The Digital ID system is being rolled out in pilot phase at banks and financial institutions. It will be used initially to open new bank accounts under personal data protection regulations from government agencies. The system will also be introduced at other agencies in the future.

Presentation slides of the event or available here

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Startups

Thailand’s Fintech growth among the fastest in ASEAN

Thailand is regarded as an ASEAN country with rapid Fintech development, with 140 Fintech companies registered, while about half of them are new companies.

Published

4 days ago

July 17, 2019

National News Bureau of Thailand

BANGKOK, (NNT) – The growth of Financial Technology in Thailand is said to be among the fastest in ASEAN. The World Bank meanwhile, has suggested the government reduce inequalities in access to capital to enable variations in Fintech development to emerge.

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Corporate

Flexible working and cybersecurity

It’s one thing to stay on top of data protection procedures when everyone’s operating under the same roof, but what about when employees are working remotely?

Published

4 days ago

July 17, 2019

Daniel Lorenzzo

As flexible working becomes the new normal, how can risk directors feel confident company data is secure?

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China

Cross-border e-commerce: How Thai SMEs can win over Chinese hearts?

It is expected that by 2020, China’s CBEC import value will reach CNY 3 trillion, representing a compound average annual growth rate (CAGR) of 30%, a growth rate highest among all types of trade.

Published

2 weeks ago

July 10, 2019

Economic Intelligence Center Siam Commercial Bank