• SCB launches first mutual advisory chatbot
  • Visa announces stronger payment security plan

At A Glance

Corporate December 04, 2018 01:00

By THE NATION

CP Group aims for all plastic to fit 5Rs by 2025



Charoen Pokphand Group has introduced a “Sustainable Packaging Policy” in which all plastic packaging is to be reusable, recyclable or compostable by 2025 following the company’s 5Rs framework.

Suphachai Chearavanont, CEO of Charoen Pokphand Group, yesterday said CP Group takes seriously the major global problem of plastic waste and recognises the importance and necessity of tackling the issue. The new policy for sustainable packaging will be in line with the company’s sustainable business practices, and part of its environmental policy, and would set the direction and framework for waste management from the production processes to throughout its value chain.

As plastics are a key packaging material for numerous products, the dependency on them has led to a pollution problem that requires urgent solutions, he said.

The sustainable packaging policy is based on a commitment to protect the environment and to create public engagement aimed at positive behavioural change that meets the company’s 5Rs framework: re-educate consumers and raise awareness about plastic waste, reduce plastic consumption, recycle plastics, replace with alternative materials, and reinvent through research and development.

Visa announces stronger payment security plan

Visa, the world’s leader in digital payments, yesterday launched its “Future of Security Roadmap” for Thailand, outlining a new approach for strengthening payments security in the country over the next three years in support of a cashless transition. Visa’s roadmap focuses on a number of key initiatives to enable security to evolve at the same pace as the technologies changing the way we pay. 

These security initiatives include: devalue data by removing the sensitive data from the ecosystem and making stolen account details useless; protect data by implementing safeguards to protect personal data as well as account details; harness data by identifying potential fraud before it occurs and increasing confidence in approving good transactions; and empower everyone, including accountholders, third party providers and merchants, to play an active role in securing payments.

Suripong Tantiyanon, country manager, Visa Thailand said: “We are proud to be launching our Thailand Future of Security Roadmap. Securing the commerce ecosystem is our highest priority and one we view as a shared responsibility between payment networks, consumers, banks, and the government.”

SCB launches first mutual advisory chatbot

SCB Abacus and SCB Asset Management yesterday launched “Perm Poon”, the first mutual fund advisory chatbot in Thailand, with the aim of improving investment accessibility for customers. “Perm Poon” will be available on both the LINE application and Facebook Messenger. It will be able to address queries about mutual fund investments and provide instant personalised recommendations to users, according to a press release yesterday. Sutapa Amornvivat, chief executive officer, SCB Abacus, said, “Nowadays, we have seen the important role of AI technology in enhancing products or services to better address business needs across most industries. The development of Perm Poon chatbot represents another successful milestone for us in leveraging AI technologies such as natural language processing and machine learning to directly converse with users, identify their queries, and respond in real-time.”