An in-depth look at the Thai Fin-Tech Club: An incubator for Entrepreneurs

As we look closer at the key components and accelerators that are on offer for Entrepreneurs in Thailand, The Thai Fintech club plays a major role in supporting startups and producing platforms and programs that increase the implementation of financial technology. The Thai Fintech club is one of the institutions that will really help to build the ecosystem into a world player.

“Fintech has a chance to change the structure and solve economic problems because financial services fit well with the evolution of the electronic and digital economy, rather than other industries.”

Mr. Korn Chatikavanij Ex Finance Minister of Thailand

Techsauce takes a look at the key areas that the Thai Fintech have implemented:

The Thai Fintech Mission

Financial technology will be a part of the Thai economy, therefore we need to:

Reduce the cost of financial transactions in Thailand
Increase accessibility to financial products and services for Thai people
Promote fair competition and transparency for retails
Support Thai Fintech startups to compete and expand to global market

F13

Created by the Thai Fintech Association in order to accelerate the Fintech industry, development and become a testing lab for Fintech startups. F13 is a sandbox for Fintech startups to test and validate their product and service with real customers.

The F13 program focuses on:

Providing access to technology infrastructure

Data Feeds

Test with volunteered customers

Engage with regulatory sandbox

Synergize with financial institutions

Incubator & accelerator

 

National Fintech Ecosystem

Building the Fintech ecosystem which all stakeholders; Fintech startups, financial institutions, regulators, accelerators, venture capital and other business partners, are included.

NATIONAL FINTECH ROADMAP

Liaising with main relevant parties to develop National Fintech Roadmap as a blueprint of Fintech industry development to compete on the global level.

 

NATIONAL FINTECH SANDBOX

Taking a major role in setting up the National Fintech Sandbox to accelerate the Fintech industry development and being an incubator for Fintech startups.

 

For more information on the Thai Fintech Club follow the link below:

https://thaifintech.org/

 

 

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