Digital lenders focusing on risk controlDigital loan providers are emphasising risk control because of economic uncertainties, the continued outbreak and tougher competition from new players. Monix Co Ltd, a digital loan provider under Siam Commercial Bank (SCB), also plans to expand prudently, balancing loan growth and asset quality. Krungthai Bank (KTB) has been testing digital loan service through its mobile banking app, Krungthai Next. KTB offered the digital loans to all segments of Pao Tang and Tung Ngern users as a pilot project. Given the new service and client base, the bank plans to gradually explore the market using strong risk control, said Krairit Euchukanonchai, KTB vice-chairman.

Source: Bangkok Post January 19, 2022 11:36 UTC