ฟินเทค : รูปแบบหนึ่งของการพัฒนานวัตกรรมทางการเงินในศตวรรษที่ 21

Authors

  • Nattawut Hantrakul

Keywords:

Financial innovation, Fin Tech, Related rules & regulations

Abstract

The financial system of Thailand has been a major mechanism in driving economic and social development. The regulatory unit initiated by the government, together with the improvement of existing regulations of the financial system after the economic crisis, is
required to cope with abrupt and critical fluctuations in the Thai financial system. Both the government and private sectors have regarded the financial system as very significant due to its role as the source of funds for the country in expanding the latter’s business to overseas, while supporting the former’s infrastructure investment. The report of World Economic Forum, however, has indicated a number of weaknesses in the Thai financial system, e.g. the readiness and costs of financial services, loan access, and funds generating via the capital market. The said weaknesses will inevitably affect the long-term growth rate of the real economic sector. However, despite the fierce competition in international commerce and investment as well as the declining growth rate of Thai economy, Thailand still holds on to a number of factors conducive to Fin Tech business development. Hence, the government and the private sectors should strenuously enable Fin Tech and innovation-related entrepreneurs to implement technology while contemplating on impacts on the public and service providers. They should also cooperate to generate the development and promotion of Fin Tech business and all related sectors to increase the competitiveness of Fin Tech business in Thailand. In this aspect, necessary measures should be supported to facilitate the procedures, e.g. permit issuance, improvement and enactment of regulations and business-related laws, initiation of roles in mediating and driving business mechanisms, provision of technological security system,
promotion and production of talents as required by business, and importation of foreign experts to help develop Fin Tech in Thailand.

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Published

2019-04-30

How to Cite

Hantrakul, N. (2019). ฟินเทค : รูปแบบหนึ่งของการพัฒนานวัตกรรมทางการเงินในศตวรรษที่ 21. Journal of Multidisciplinary in Social Sciences, 14(3), 193–208. Retrieved from https://so03.tci-thaijo.org/index.php/sduhs/article/view/186650