Creden.co, a local startup, is the latest fintech created to provide online authentication using eKYC (electronic Know Your Customer), paving the way for cryptocurrency and initial coin offerings (ICO). The regulator has a policy to support secure online transactions, driving Thailand 4.0 through e-payment, and this encourages eKYC service. The eKYC service eliminates the traditional process of paper-based copies of ID cards and house registration documents, bank statements or approval letters from employers. With blockchain technology and the power of big data analytics, combined with affiliate Thoth Zocial, the credit scoring system will have more dimensions and trustable data. The company will provide eKYC and online credit scoring services based on a fee model.

Source: Bangkok Post February 08, 2018 22:07 UTC