SCB TechX Co., Ltd., the technology arm of SCBX Group, has reinforced its position as a regional financial technology leader by winning two prestigious awards at the Asian Technology Excellence Awards 2025, organized by the Asian Business Review.
The awards recognize SCB TechX’s pivotal role in developing a secure, resilient, and future-ready digital financial infrastructure for Thailand:
- Thailand Technology Excellence Award in Facial Recognition – Financial Technology for its IdentityX (eKYC Solution).
- Thailand Technology Excellence Award in Fintech – Banking for its Payment Domain service.
Vision for Secure and Accessible Digital Technology
Suttipong Kanakakorn, Chief Executive Officer of SCB TechX, credited the team’s dedication and emphasized the company’s broader vision.
“This recognition is a reflection of our vision to develop technologies that create a positive impact on the financial ecosystem in Thailand and across the region,” Suttipong stated. “We believe that great technology should not only be advanced; it must also be accessible, secure, and ready to adapt to the rapid pace of change.”
Award-Winning Solutions Driving Digital Transformation
The honored solutions are central to the nation’s digital financial shift:
IdentityX: The Cornerstone of Digital Identity
The IdentityX (eKYC Solution) is an end-to-end facial recognition identity verification platform trusted by over 12 million users nationwide. Key features include Liveness Detection, 2D/3D Facial Recognition, and seamless integration with Thailand’s DOPA database and the NDID (National Digital ID) infrastructure. Processing over 50 million transactions annually, IdentityX significantly enhances security, reduces operational costs, and accelerates the customer onboarding process, positioning it as a foundational piece of Thailand’s digital identity framework.
Payment Domain: Enabling Real-Time, High-Volume Transactions
The Payment Domain is the backbone of modern financial transactions, built on a Cloud-Native, Modular, and Microservices architecture. This design allows it to handle millions of real-time transactions daily with near-zero downtime. The platform enables organizations to launch new features 2.5 times faster and realize system cost reductions of over 90%. Its capabilities support future expansion into White-Label Services, Blockchain, and AI-Driven Analytics, allowing financial institutions to remain competitive and innovative in the digital economy.
This success at the Asian Technology Excellence Awards 2025 underscores SCB TechX’s critical role as the driving force behind Thailand’s financial sector transformation, enabling both public and private sectors to advance confidently into a secure and sustainable digital future.
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