Hattha Bank is the fifth-largest commercial bank in Thailand and was established more than 25 years ago as a microfinance deposit-taking institution. It expanded over time to offer commercial and retail banking services.
Temenos Infinity ready-to-go digital banking platform will allow Hattha Bank to quickly launch SME banking and support Cambodia’s Covid-19 economic recovery. SMEs comprise about 99.8% of all business entities in Cambodia and 58% of GDP. It will support the bank’s vision to quickly scale and reach 100,000 SMEs with vital funding and business banking services within five years. Temenos Infinity’s open and flexible architecture will seamlessly connect to Hattha Bank’s core system and provide instant access to SME banking features, spanning onboarding, user management and entitlements, bulk payments and approvals and account and cash management.
“We are thrilled to partner with Temenos as we grow our operations and empower Cambodian SMEs with frictionless digital banking services. Together, we will build a brighter future for our customers and our country. Temenos supports our objectives, giving us the fastest time-to-value so we can quickly respond to the needs of SMEs seeking critical funding during the pandemic. Temenos’ market-leading cloud technology will also provide us with a solid foundation on which we can hyper-scale our operations profitably and meet the needs of hundreds of thousands of SMEs.”Oknha Ieng Tong, President and CEO, Hattha Bank