READ & LEARN A New Era of Banking: When AI and Virtual Banks Revolutionize the Fintech
Virtual banks are not just new technology. They challenge the traditional banking model at its core. In a world powered by data, do we still need to walk into a bank?
Virtual banks are changing the way we experience banking. They are designed to operate without branches, passbooks, counters, or tellers. Instead, every part of the banking journey is delivered through digital platforms, with artificial intelligence, big data, and cloud infrastructure driving the entire process.
But this shift is not just about convenience. It is a major turning point in how financial services are accessed. Virtual banks are helping unlock opportunities for people who were previously excluded from the system. Informal workers, freelancers, and individuals without credit history can now become part of the financial world not through paperwork, but through real behavioral data.
At the center of this new system is artificial intelligence. AI plays a key role in analyzing income patterns, spending behavior, and financial risk. Imagine someone without a monthly payslip but with income from multiple platforms. AI can process that data and provide real-time insights, offering personalized services that reflect the user’s actual financial situation.
Credit decisions are now based on behavior rather than documents. Personal financial portfolios can be managed automatically. Security is also more advanced, with identity verification through biometric technology and real-time fraud detection powered by AI.
In this new financial landscape, how you manage your money becomes your proof of credibility.
Banks no longer need to ask, “Do you have the documents?”
They will record, “How do you use your money?”
Five Key Benefits of Virtual Bank
1. Fully online account opening and transactions
No branches, no waiting. All you need is a smartphone, anytime, anywhere.
2. Greater access to financial services
No payslips or official documents required.
3. AI-powered financial guidance
Receive loan suggestions and money management tips tailored to your real-life behavior.
4. Reduced costs and lower fees
With no physical branches, operating costs are significantly reduced.
5. Stronger security and smarter fraud detection
Biometric verification and AI monitoring help keep your finances safe.
Virtual Banks Mark a Real Turning Point
It represents a fundamental rethinking of what banking should be in a world that values transparency, personalization, and inclusivity and this change is already taking shape.Ascend Money is among the first companies in Thailand to receive a Virtual Bank license, marking a major milestone. Even more importantly, they are part of the vibrant innovation ecosystem at True Digital Park.
True Digital Park: Empowering Innovation with Real Impact
As the ASEAN's largest tech and startup hub, True Digital Park proudly celebrates Ascend Money, a key member of our innovation ecosystem, on becoming one of Thailand’s first licensed Virtual Banks.
From pioneering fintech through TrueMoney to advancing into the digital banking space, Ascend Money exemplifies the strength of Thai innovation and its potential to drive real progress in the digital economy. We are honored to be part of this milestone and remain committed to supporting tech innovators at every stage, helping them build solutions that shape the future of Thailand and beyond.
Source:
Bank of Thailand
https://www.bot.or.th/th/research-and-publications/articles-and-publications/bot-magazine/Phrasiam-66-1/the-knowledge-66-1-2.html
Opportunity Is Here - Your Opportunity Is Yours !
At True Digital Park, where opportunity meets endless possibilities
One Roof, All Possibilities
----------------------------------------------------------------------------------
Fanpage: TrueDigitalPark : https://www.facebook.com/TrueDigitalPark
Instagram : https://www.instagram.com/truedigitalpark/?hl=en
Line Official Account : https://lin.ee/cA6Ryda
LinkedIn : https://www.linkedin.com/company/true-digital-park/
TiKTok: https://www.tiktok.com/@truedigitalparkbkk
Youtube: https://www.youtube.com/c/TrueDigitalPark
Twitter: https://x.com/TDigitalpark
#TrueDigitalPark #OpportunityIsHere #OneRoofAllPossibilities
But this shift is not just about convenience. It is a major turning point in how financial services are accessed. Virtual banks are helping unlock opportunities for people who were previously excluded from the system. Informal workers, freelancers, and individuals without credit history can now become part of the financial world not through paperwork, but through real behavioral data.
At the center of this new system is artificial intelligence. AI plays a key role in analyzing income patterns, spending behavior, and financial risk. Imagine someone without a monthly payslip but with income from multiple platforms. AI can process that data and provide real-time insights, offering personalized services that reflect the user’s actual financial situation.
Credit decisions are now based on behavior rather than documents. Personal financial portfolios can be managed automatically. Security is also more advanced, with identity verification through biometric technology and real-time fraud detection powered by AI.
In this new financial landscape, how you manage your money becomes your proof of credibility.
Banks no longer need to ask, “Do you have the documents?”
They will record, “How do you use your money?”
Five Key Benefits of Virtual Bank
1. Fully online account opening and transactions
No branches, no waiting. All you need is a smartphone, anytime, anywhere.
2. Greater access to financial services
No payslips or official documents required.
3. AI-powered financial guidance
Receive loan suggestions and money management tips tailored to your real-life behavior.
4. Reduced costs and lower fees
With no physical branches, operating costs are significantly reduced.
5. Stronger security and smarter fraud detection
Biometric verification and AI monitoring help keep your finances safe.
Virtual Banks Mark a Real Turning Point
It represents a fundamental rethinking of what banking should be in a world that values transparency, personalization, and inclusivity and this change is already taking shape.Ascend Money is among the first companies in Thailand to receive a Virtual Bank license, marking a major milestone. Even more importantly, they are part of the vibrant innovation ecosystem at True Digital Park.
True Digital Park: Empowering Innovation with Real Impact
As the ASEAN's largest tech and startup hub, True Digital Park proudly celebrates Ascend Money, a key member of our innovation ecosystem, on becoming one of Thailand’s first licensed Virtual Banks.
From pioneering fintech through TrueMoney to advancing into the digital banking space, Ascend Money exemplifies the strength of Thai innovation and its potential to drive real progress in the digital economy. We are honored to be part of this milestone and remain committed to supporting tech innovators at every stage, helping them build solutions that shape the future of Thailand and beyond.
Source:
Bank of Thailand
https://www.bot.or.th/th/research-and-publications/articles-and-publications/bot-magazine/Phrasiam-66-1/the-knowledge-66-1-2.html
Opportunity Is Here - Your Opportunity Is Yours !
At True Digital Park, where opportunity meets endless possibilities
One Roof, All Possibilities
----------------------------------------------------------------------------------
Fanpage: TrueDigitalPark : https://www.facebook.com/TrueDigitalPark
Instagram : https://www.instagram.com/truedigitalpark/?hl=en
Line Official Account : https://lin.ee/cA6Ryda
LinkedIn : https://www.linkedin.com/company/true-digital-park/
TiKTok: https://www.tiktok.com/@truedigitalparkbkk
Youtube: https://www.youtube.com/c/TrueDigitalPark
Twitter: https://x.com/TDigitalpark
#TrueDigitalPark #OpportunityIsHere #OneRoofAllPossibilities
