Thailand’s oldest financial institution says DeFi will disrupt common finance

Venture Arm of Thailand’s Oldest Bank Says DeFi Will Disrupt Traditional Finance.

SCB 10X, Siam Commercial Bank’s venture capital arm, stated it is getting ready for the prospective day decentralized finance (DeFi) upends common banking.
Speaking with CoinDesk by way of electronic mail on Saturday, Mukaya Tai Panich, chief venture and investment officer of SCB, stated DeFi possesses all the things common finance has nowadays.
“When we looked at DeFi, we thought that it is possible that one day banks and other financial institutions will be completely disintermediated,” stated Panich.

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