KKPS forecasts initial losses for virtual banks in early years (opens original article in a new tab)

KKPS predicts Thai virtual banks will experience early losses due to regulatory demands, with focus on infrastructure and compliance before profitability.

• KKPS forecasts virtual banks in Thailand will face initial losses due to strict regulations
• Three licensed virtual banks are preparing to launch with focus on infrastructure and compliance
• Successful virtual banks require supportive regulations and strong business capabilities