Thailand's growing influence as an ASEAN fintech hub has seen another software start-up establish a development centre in Bangkok.
Scale360, a U.K.-based fintech start-up that develops software to power banks’ digital transformation, has set up a Bangkok Development Centre to service banks’ growing need for financial technology and to cultivate local skills in leading global technologies.
Thailand’s Board of Investment has recognised Scale360’s commitment to developing skills in Thailand, awarding the company a special eight-year status to help attract top talent and establish a Digital Centre of Excellence in Bangkok.
Skills in Short Supply
Combining Microservices application architecture with Scala and Java programming languages, Scale360 develops technology platforms for customers across all channels via a digital banking infrastructure.
Many of the skills required are in short supply in Thailand, and Scale360 has established its own Thai language learning programme to advance the knowledge of Thai developers and develop its Digital Banking 4.0 platform.
Playing in The Thai Sandbox
Last year The Bank of Thailand announced that it would open the way for financial-technology product experimentation under its regulatory «sandbox».
finews.asia also reported recently that Thailand's Bangkok Bank has partnered with corporate innovation partner Nest to kick-start its international fintech startup program.
In the Heart of the City
The fintech accelerator program, Bangkok Bank InnoHub, which is now accepting applications, will commence in June 2017 and take place at Bangkok Bank’s innovation facility in the heart of the city.
