Boston, November 6, 2019 – Profit pools and return on capital in the banking industry are shrinking in most countries. Facing stagnant profit and intense competition, banks that don’t change risk becoming less relevant to their customers and being challenged and disrupted by competitors both from inside and outside the industry. Siam Commercial Bank sees this threat and is addressing transaction banking challenges by creating unique values for customers, such as blockchain for procure-to-pay to facilitate supply chain trading.
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