Delegation from GHB, Thailand’s leading mortgage lender, visits ASTRI

Delegation from GHB, Thailand’s leading mortgage lender, visits ASTRI

  • Over 50 representatives from the Government Housing Bank of Thailand (GHB) visited ASTRI on Wednesday, 19 July 2017. The delegation was led by Mr Chatchai Boromthongchum (6th from left of the 1st row), Vice President Learning Development Division, and Dr Pavinee Manwan (4th from left of the 1st row), the Bank’s Project Advisor and Assistant Professor of Chulalongkorn Business School. Dr Justin Chuang (7th from left of the 2nd row) – Vice President of Next Generation Network, Ms Eunice Cheng (2nd from left of the 2nd row) – Director of Public Affairs, and Dr Ryan Chung (1st from left of the 2nd row) – Director of Business Development welcomed the delegation on behalf of ASTRI.

    The GHB representatives went through briefing sessions and presentations on ASTRI’s R&D strategy and latest innovation project, focusing particularly on Financial Technologies (FinTech) and Smart City initiatives. Dr Ryan Chung discussed some of ASTRI’s flagship FinTech initiatives including Blockchain, Big Data Analytics and Cybersecurity. The discussion on Blockchain-based tools for property valuation and customer identity management was a lively and interactive one. Afterwards, Mr Joseph Ng – Senior Manager for Cybersecurity presented an overview of the activities of ASTRI Security Lab (ASL) and Cyber Range.

    The team saw video demonstrations of ASTRI’s Internet of Vehicles (IoV) Management Platform as well as the Vehicle-to-Everything (V2X) system’s real-life deployment. The session was facilitated by Mr Vincent Wong – Manager for Next Generation Network Solutions, and also included an overview of ASTRI’s other smart city initiatives.

    GHB is a state-owned and one of the oldest financial institutions in the Kingdom of Thailand. Pursuing a vision of becoming the “Best Housing Solutions Bank” in Thailand, GHB focuses on “good governance, innovation in operations, value from teamwork, and excellent customer service”.

    ASTRI pursues a collaborative strategy in its FinTech R&D, focusing on various elements within the ecosystem – from regulators to financial institutions to service providers. While the application and engagement of its FinTech solutions are primarily geared towards Hong Kong and the Mainland, ASTRI also attaches great importance to regional collaborations. As a significant player in the Belt and Road sphere, Thailand is one of the most important economies in Southeast Asia with strong trading partnership with both Hong Kong and the Mainland. GHB has been the third financial services institution from the country to be in contact with ASTRI over the past 12 months after the Electronic Transactions Authority of Thailand and the Bank of Thailand.

    Mr Terence Cheung, Manager of Business Development, ASTRI presents the live demonstrations on face recognition technology