SCB, Lazada launch digital lending platform

Corporate June 11, 2018 13:19

By The Nation

Lazada and Siam Commercial Bank have jointly launched a new digital lending platform to serve Lazada’s sellers.



 

 

 

 

This project leverages artificial intelligence technology powered by SCB Abacus to enable instant credit approval on the Lazada platform. Sellers can apply for online loans without additional paperwork. This collaboration will be Thailand’s first lending service on an e-commerce platform to help online SMEs expand their business, Sutapa Amornvivat, chief executive officer of SCB Abacus, said.