SCB X tempers Gen 2 growth ambitions
1
What Happened
SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), expects to maintain single-digit loan growth for its Gen 2 businesses under a cautious strategy despite their strong growth potential.
2
Why It Matters
SCB X’s cautious stance on Gen 2 lending suggests Thailand’s fintech sector is prioritizing risk control over market share amid uncertain economic conditions.
3
Who's Affected
SCB
Gen