What is Virtual Bank?

Strengths of Virtual Bank

1. Convenience and easy access

2. Lower operating costs

3. Better user experience

4. New forms of financial innovation

5. Wider access to capital

Limitations and issues to consider

1. Security and protection of personal information

2. Credibility and confidence

3. Limitations on providing individual services

4. Compliance with regulations

Impact on the financial landscape

1. Increased competition and innovation

2. Traditional banks are losing market share.

3. Development of banking work

Expectations from the opening of a Virtual Bank in Thailand by the Bank of Thailand?

What do you want to see?
- Comprehensive financial services suitable for each customer group :Especially small businesses and those who do not yet receive adequate and appropriate financial services.
- Customers will receive a better experience using digital financial services: easy to use, convenient, fast, safe and meets their needs.
- Financial institutions compete with each other. :Develop innovation and financial services appropriately

Things I don't want to see
- Doing business in an unsustainable way :until creating risks to business operations and depositors
- Stimulating inappropriate competition that affects the stability of the financial system: such as using price strategies to compete for customers. or granting loans that stimulate excessive debt
- Facilitating the benefits of those involved or inappropriately using market power: such as setting conditions binding business partners to use the services of the relevant Virtual Bank.