Krungsri Banking Services and Operations Explained

Krungsri banking services are designed to cater to various needs of Thai and international customers. Krungsri offers a wide range of banking services, including personal banking, corporate banking, and investment banking.

Krungsri's personal banking services include deposit accounts, credit cards, and loans. Their corporate banking services, on the other hand, provide solutions for businesses, such as cash management and trade finance.

Krungsri's operations are built on a strong foundation of technology and human expertise. The bank has invested heavily in digital transformation, allowing customers to access services online or through mobile apps.

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Krungsri is one of Thailand's largest universal banks, measured by assets, loans, and deposits.

As a long-standing bank, Krungsri has a rich history and a strong presence in the Thai financial market.

Krungsri's goal is to become one of the most innovative financial institutions in the country, with a strategic plan to become a digital banking leader.

Krungsri is working towards creating a technology infrastructure that is cloud-enabled, secure, and resilient to support mobile banking, artificial intelligence, digital banking, and plans for digitalization and automation.

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Krungsri has been working with IBM since 2012 to focus on infrastructure as a service, and their partnership has been delivering many solutions and services to support the bank's future roadmap for growth and focus on digital banking.

Here are some key milestones achieved through the partnership:

Krungsri Banking has a strong presence in Thailand, with over 1,000 branches nationwide.

The bank offers a wide range of financial services, including personal banking, corporate banking, and investment banking.

Krungsri's business operations are supported by its state-of-the-art technology infrastructure, which enables fast and secure transactions.

The bank's customer service is available 24/7, providing customers with convenience and peace of mind.

Krungsri has a long history of innovation, dating back to its founding in 1966.

The bank's commitment to innovation has led to the development of various digital banking platforms, making it easier for customers to manage their finances.

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Krungsri has made significant strides in building a secure cloud-ready infrastructure to enhance its digital banking service. Through its partnership with Kyndryl, Krungsri has achieved automation of orchestration and provisioning with enterprise integration.

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Krungsri's partnership with Kyndryl has also enabled centralized management of cost, assets, and utilization. This has helped Krungsri optimize its resources and make data-driven decisions.

Krungsri's cloud transformation journey has also involved extending its current perimeter security model to the applications running on cloud. This has helped ensure the security and integrity of its digital banking services.

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Building a secure cloud-ready infrastructure is crucial for any organization, especially for a financial institution like Krungsri. Krungsri has successfully achieved this through its partnership with Kyndryl.

One of the key milestones in Krungsri's cloud transformation journey was automated orchestration and provisioning with enterprise integration. This enabled Krungsri to centrally manage cost, assets, and utilization.

Krungsri also extended its current perimeter security model to the applications running on cloud, ensuring a secure environment for its digital banking services. This was achieved through its partnership with Kyndryl.

To accelerate application development, Krungsri utilized Born on the Cloud Tool Chains, a cloud-based platform that enables rapid development and deployment of applications. This has been a game-changer for Krungsri, enabling it to innovate and become a digital banking leader.

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Here are the key benefits that Krungsri has achieved through its cloud transformation:

Krungsri's cloud transformation has been a long-term journey, and it continues to work with Kyndryl to execute on its cloud computing strategy. By doing so, Krungsri is well on its way to becoming one of the most innovative financial institutions in the country.

To transfer money to Bank Ayudhya, you'll need to create an account using your email address through their website or app. This is the first step in the process.

You can choose how your money is delivered, including bank deposit. This is one of the options available to you.

To initiate the transfer, select the currency and the amount you want to send, as well as the delivery speed. The delivery options vary depending on the recipient's location.

You'll need to enter the name and information of the person who will receive the money. This is a crucial step in the process.

To complete the transfer, enter your payment information and select "confirm transfer" to send. This will initiate the transfer process.

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Krungsri banking has been at the forefront of innovation in the financial industry. They have developed a mobile banking app that allows customers to manage their accounts, pay bills, and transfer money on the go.

The bank's commitment to innovation has led to the introduction of new services such as Krungsri Mobile Wallet, which enables customers to make payments using their mobile devices. This service has made transactions faster and more convenient for customers.

Krungsri has also partnered with other companies to expand its services, including a partnership with AIS to provide mobile banking services to AIS customers. This partnership has increased the bank's reach and provided customers with more options for managing their finances.

Kyndryl and Krungsri have been working together since 2012 to focus on infrastructure as a service, and their partnership has been instrumental in driving innovation for the bank.

Krungsri engaged Kyndryl to transform to a cloud-enabled technology infrastructure, which involved designing and implementing a secure landing zone on AWS that provided identity and access management, network integration, and data security.

Kyndryl helped Krungsri adopt best practices for system management, setup a Cloud Center of Excellence (CCoE) structure, and developed processes for migrating other applications from on premises locations.

Krungsri successfully migrated several key applications onto AWS with Kyndryl's help, and they are now planning to migrate more applications with Kyndryl's assistance.

Kyndryl is providing 24x7 management services to support the infrastructure and Krungsri applications running on AWS, including operations monitoring, OS administration, and patching and health checks to ensure the environment is available and secure.

Krungsri, a financial institution, partnered with AWS to drive technology transformation. They needed a partner to help with migration and hybrid cloud management.

Krungsri's technology transformation involved adopting DevOps on public clouds, which presented challenges in operations.

The bank's IT partner helped them navigate these challenges and achieve seamless migration and management of their applications.

Krungsri's investments in subsidiaries, associates, and joint ventures are diverse. They include investments in various sectors such as Auto HP, Microfinance, and Commercial Bank.

Here are some of the subsidiaries, associates, and joint ventures in which Krungsri has invested:

Krungsri banking offers a range of financial services to cater to different customer needs.

Krungsri's financial services include consumer and corporate banking, as well as investment banking and securities services.

Krungsri's consumer banking services include personal loans, credit cards, and deposit accounts.

Krungsri's corporate banking services include cash management, trade finance, and transaction banking.

Krungsri's investment banking services include mergers and acquisitions, equity and debt capital markets, and advisory services.

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Krungsri, a financial services company, transformed its infrastructure with the help of Kyndryl. They built a secure and resilient cloud-enabled infrastructure.

Migrating to Amazon Web Services (AWS) datacenters was a key part of this transformation. This allowed Krungsri to move a strategic set of workloads to the cloud.

Krungsri adopted AWS as its public cloud provider to drive technology transformation. They were looking for a partner to help with migration and hybrid cloud management.

Krungsri's goal was to migrate and manage their applications seamlessly. They wanted a partner who could help them in their transformation, especially in operations and adopting DevOps on public clouds.

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In the past year, several major developments and acquisitions have transformed the financial services industry.

JPMorgan Chase acquired a 50% stake in the digital wealth management platform, Nutmeg, for £375 million.

The acquisition has enabled JPMorgan Chase to expand its presence in the UK's digital wealth management market.

Goldman Sachs acquired a 7.4% stake in the fintech company, GreenSky, for $2.2 billion.

This deal has given Goldman Sachs a significant foothold in the fintech industry.

The acquisition of GreenSky has also enabled Goldman Sachs to expand its consumer lending business.

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