SCBX enters into a new collaboration with Stanford HAI to drive innovation in AI and fintech
SCB X Public Company Limited (SCBX) is pleased to announce its recent collaboration with the Stanford Institute for Human-Centred AI (HAI) as its first international member in the Financial Services & AI Corporate Affiliate Program. Aiming to become the leading regional fintech group, SCBX is firmly committed to staying ahead of the latest developments in AI and fintech with the ultimate goal of driving innovation in the industry. This collaboration reinforces SCBX’s “mother ship” strategy to shift towards active development of innovative technologies and transition to a true technology company. In addition, it will enable SCBX to gain a competitive advantage and stay at the forefront of the industry.
Through this collaboration, SCBX will have access to ground-breaking research and educational programs especially tailored for the financial sector. The program covers a wide range of advanced topics, such as basic models, AI security, fintech, blockchain, sustainability and insurance, in addition to opportunities for visiting researchers.
Dr. Arak Sutivong, Deputy Managing Director of SCB X Public Company Limitedsays, “SCBX’s most important milestone is to establish itself as a leading regional fintech group. To achieve this goal, it is essential for the company to conduct new experiments and transition to a technology-focused entity. We are pleased to announce our partnership with the global renowned educational institution, the Stanford Institute for Human-Centred AI (HAI), known for its deep research expertise in the technology.This collaboration supports the “mothership” strategy of SCBX and is in line with the overall plan to move from being a consumer of mature technologies for the banking industry to be part of developing innovative technologies and transition to a true technology company.”
“We are pleased to have SCBX in our affiliate program,” says Stanford HAI Deputy Director and Research Director James Landay. “Artificial intelligence will radically change the banking industry, and we need more conversations between academic and industry experts to ensure that this technology is designed, built and implemented with a human-centered approach.”
Dennis Thorsten Trawnitschek, Chief Technology Officer at SCB X Public Company Limited says: “We are establishing this collaboration as the first step in SCBX’s commitment to becoming a leading regional financial technology group. This collaboration with Stanford HAI will enable us to experiment with new technologies and advance our technological capabilities, particularly in areas of interest such as Blockchain, AI and Climate Technology. The collaboration aims to work on research and study deep technology together, paving the way for the development of new and innovative solutions that can be used for business and develop into future financial products and services. In addition, this collaboration will enhance the development of human resources and attract talent to the SCBX Group community.”
“One of the key goals of the industry program is to help organizations bridge the gap between the rapid pace of AI research and development and the speed at which this technology can be effectively adopted and implemented,” said Stanford HAI Executive Director of Industry Programs and Partnerships Panos Madamopoulos-Moraris. “This can be more challenging in legacy industries, especially organizations outside the US, so we are very pleased to welcome SCBX as our first international member.”
