Thailand’s Kasikornbank is using artificial intelligence and careful lending to combat economic challenges and fraud risks, says CEO Kattiya Indaravijaya. The bank expects AI to boost productivity within two years, aiding in credit decisions. Economic conditions in Thailand remain weak, with slow GDP growth and a need for structural change.

The impact of U.S. tariffs and high household debt is hurting Thailand’s economy, along with a strong baht affecting exports and tourism. Kasikornbank is adjusting its credit policy to manage risks, leading to improved non-performing loan ratios. While offers for fintech mergers are on the table, the bank is cautious in evaluating potential deals for customer and shareholder benefit.

Read more at Yahoo Finance: Kasikornbank turns to AI, prudent lending as Thailand’s economy slows, chief exec says