Siam Commercial Bank PCL (SCB), in collaboration with Thailand Securities Depository (TSD) and The Siam Cement PCL (SCC), has developed an e-Dividend solution which has garnered three prestigious international awards:
The e-Dividend solution integrates digital technology with cash management services to streamline dividend and interest payments for SCC shareholders. This innovation reduces complexity, enhances operational efficiency, aligning with sustainable business practices. It reflects SCB's commitment to delivering sustainable returns to stakeholders through digital innovation and services under its "Digital Bank with Human Touch" strategy.
Key executives announcing this success include:
- Mr. Thanawatn Kittisuwan, First Executive Vice President, Head of Digital Business and Payment Solutions, Chief Corporate and Institutional Banking Office
- Ms. Pichaya Chomchaiya, Managing Director - Thailand Securities Depository Company Limited
- Ms. Rawiporn Wongbuddhapitak, Corporate Finance Excellence Director, Corporate Finance Excellence Office, The Siam Cement Public Company Limited
The e-Dividend service is an electronic fund transfer service, which runs on the BAHTNET system for transactions over two million baht and the Smart Credit system for other transactions. It allows payments to any bank account for the full amount and employs a secure online file transfer protocol (FTP) that meets ISO20022 standards, along with transaction fee calculation and reporting services.