ttb President on Credit Scores and Virtual Bank Competition

Prachachat•Economy•21d ago

Reader Briefing

ttb emphasizes the use of NCB credit scores to manage loan risk and expresses no concern over Virtual Bank competition.

•Thakorn states that ttb uses credit scores as the primary basis for loan approvals and interest rate determination.
•Thakorn believes NCB credit scores are more effective for risk assessment than alternative data or mobile app behavior.
•ttb is not concerned that Virtual Banks will steal customers, viewing increased competition as beneficial for consumers.

•Thakorn asserts that financial institutions should issue loans cautiously to reflect actual customer risk for efficiency.
•Thakorn argues that past payment behavior reflected in credit scores is a better indicator of risk than alternative data.
•ttb has adjusted its loan approvals and interest rate settings to be primarily based on credit scores.
•ttb is not concerned about the emergence of Virtual Banks regarding the loss of customers.
•Thakorn views increased competition among financial institutions as a positive development for consumers as it encourages better product design.
•ttb will focus on determining interest rates based on payment behavior and credit scores.

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Thakorn

"The best way is to rely on NCB credit scores, which are quite efficient in indicating customer risk better than using other data."

ดีที่สุดคือเอาหลังไปพิงคะแนนเครดิตของ NCB ซึ่งจะค่อนข้างมีประสิทธิภาพในการบอกความเสี่ยงของลูกค้าได้ดีกว่าการใช้ข้อมูลอื่น

Thakorn

"ttb views that if customers have a good payment record, they should receive better interest rates based on their payment behavior."

ทีทีบีมองว่าถ้าลูกค้าผ่อนดี ควรได้ดอกเบี้ยที่ดีขึ้น ตามพฤติกรรมการผ่อน

ttb(ทีทีบี)

A financial institution that determines loan approvals and interest rates based on credit scores.

NCB

An entity providing credit scores used by financial institutions to analyze loan risk.

Thakorn(ฐากร)

The President of ttb.