CLICX clarifies loan approval standards amid debt dodging concerns

Matichon•Economy•20d ago

Reader Briefing

CLICX issued a statement denying a reduction in loan approval standards following online concerns over individuals attempting to dodge debt.

•CLICX is a branchless commercial bank formed by Krungthai Bank, Advanced Info Service, and PTT Oil and Retail.
•CLICX released a statement on August 4 regarding concerns over 'debt dodging' behavior.
•CLICX utilizes diverse data and risk management criteria for loan considerations rather than relying on a single data source.
•CLICX temporarily suspended loan applications due to a higher-than-expected number of concurrent users.

•CLICX launched its ready-to-use loan service early last week, attracting a large number of applicants.
•Online concerns emerged regarding 'debt dodging,' where individuals borrow money with no intention of repayment.
•CLICX stated on August 4 that the bank operates under the supervision of the Bank of Thailand and follows governance and risk management standards.
•CLICX clarified that digital convenience does not mean every applicant will be approved or that approval standards have been lowered.
•CLICX warned that providing false information, using incorrect documents, or fraudulent behavior will lead to legal action.
•CLICX temporarily closed loan applications because the number of concurrent users exceeded expectations, causing system delays.
•CLICX is currently processing pending loan applications as quickly as possible while maintaining careful and responsible standards.
•CLICX continues to provide financial access for Thais while focusing on risk management and responsible lending.

Full article content is available on the original source.

CLICX Bank(ธนาคารคลิกซ์ (CLICX))

A branchless commercial bank supervised by the Bank of Thailand and formed through a partnership.

Krungthai Bank Public Company Limited(ธนาคารกรุงไทย จํากัด (มหาชน))

One of the partners that collaborated to establish CLICX Bank.

Advanced Info Service Public Company Limited(บริษัท แอดวานซ์ อินโฟร์ เซอร์วิส จํากัด (มหาชน))

One of the partners that collaborated to establish CLICX Bank.

PTT Oil and Retail Public Company Limited(บริษัท ปตท. น้ํามันและการค้าปลีก จํากัด (มหาชน))

One of the partners that collaborated to establish CLICX Bank.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The regulatory body that supervises CLICX Bank.