4 agencies: Treasury, Bank of Thailand, SEC, OIC combine data centers


4 main agencies ‘Treasury-BOT-SEC-OIC’ link data to provide services to the public, directly according to needs, supporting the digital society.

Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, said at the launch of the project ‘Your Data, Your Information to Financial Services That Meet Your Needs’ that the Ministry of Finance is ready to promote the integration of data from important economic agencies, including the Ministry of Finance, the SEC, the Bank of Thailand, and the Office of Insurance Commission (OIC), to bring data distributed in various parts to be included in the same database. This is considered the development of infrastructure to support services in the digital age.

Relevant government agencies can use the data to look after the welfare of the people in all aspects, take care of the suffering at the right point, especially the “Tang Rath” app, when the people’s data, both in terms of filing taxes online, data on paying electricity bills, water bills, and people’s loa
n applications, will be considered, fees or interest rates will be calculated at a lower rate, especially the Ministry of Finance is drafting a law to establish NacGa, which will use this data to help guarantee loans for small and medium-sized enterprises, allowing them to access more sources of capital.

Mr. Sethaput Suthiwatanaruput, Governor of the Bank of Thailand, said that the BOT sees the importance of gathering data into a single database, which is the starting point of a ‘Game Changer’ to enable all agencies to provide convenient and safe services to the public, and to meet the needs of the public directly. When service providers have data on insurance, taxes, savings, and investments, after developed countries have efficiently centralized such data, NacGa and Virtual Bank have data to provide customers with more convenient access to financial sources, with security systems and data access permissions.

Mr. Chuchat Pramulpol, Secretary-General of the OIC, said that the OIC has linked insurance data w
ith many agencies, such as hospitals, making it convenient to submit insurance cards for treatment. Accident claims, which are 400,000 times per year, are more convenient. Connecting data with the Department of Land Transport, when taking out compulsory insurance, is easy and convenient to renew registration, making compensation payments and claims submission by insurance companies easier and faster.

Mrs. Waratchaya Srimachan, Deputy Secretary-General of the SEC Office, said that the SEC Office currently has information on 6.1 million investor accounts, or about 2.8 million people. When financial institutions, funds, and various agencies see information from service providers, including electricity and water bills, savings, and investments, brokers and banks will be able to provide products to customers more precisely and at lower costs when they are aware of the customer’s risk level.

Source: Thai News Agency

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