Orapong Thien–Ngern named Digital Ventures chairman
with mandate to steer Fintech investments and digital banking innovations
Digital Ventures Co., Ltd., the Fintech investment and development subsidiary of Siam Commercial Bank, has appointed Mr. Orapong Thien–Ngern as the new Chairman of the Executive Committee, effective May 2, 2017. In his new role, Orapong will lead the company’s mission to invest in startup businesses that have the strongest potential to help SCB raise standards for digital banking and uplift Thailand’s financial services industry.
As a respected veteran of the software and management consulting industries, Orapong is outstandingly qualified to guide Digital Ventures’ mission to nurture Thailand’s nascent fintech ecosystem and support innovations that will elevate SCB’s digital banking standards. He will be responsible for fostering both startups and new financial technology operations at existing firms, helping them work together with the Bank to develop innovative products to better serve customers’ changing requirements, speeding SCB’s transition to the digital era.
With his background in engineering, Orapong emphasizes systematic thinking, so as to reach optimal decisions based on analysis and reasoning. Moreover, he taps broad and deep international experience at world-class organizations, having worked for over 25 years in information technology and manufacturing as well as management consulting on behalf of leading telecommunications and financial services companies.
Before joining Digital Ventures, Orapong served as general manager of Microsoft (Thailand) Co., Ltd., where he led its mission to help organizations achieve their goals through the adoption of modern technology having highest security. He also contributed crucial know-how in helping boost Thailand’s national competitiveness and helping Thai SMEs use technology to compete in the global arena. He spent 16 years working with Accenture, a top global professional services and management consulting company, handling customers around the world in a variety of industries. During this time, he helped guide the reorganization of several large Thai corporations to respond to changing business conditions and needs. His last role at Accenture was as managing director of its Thailand operations.
Orapong graduated from King Mongkut’s Institute of Technology, Bangkok, with a Bachelor of Science degree in Civil Engineering. He holds a Master of Business Administration degree as well as a Master of Science degree in Manufacturing Systems Engineering from Lehigh University, Bethlehem, Pennsylvania. He began his career at such leading organizations as Caterpillar, Boeing and The Iacocca Institute, before moving on to Accenture and Microsoft. He attributes his success to his “readiness to adapt to change, and approaching work as a source of both challenge and fun.”
About Digital Ventures
Founded in early 2016, Digital Ventures, a subsidiary of Siam Commercial Bank, is a company that promotes innovation in financial technology. Following the bank’s strategy to enter digital transformation, Digital Ventures aims to be a part in driving changes in the banking industry through investment, innovation and supporting Thai businesses to grow with SCB. At its inception, Digital Ventures had 1.75 billion baht (or equivalent US$50 million) in capital for investment in financial technology. For more information, visit www.dv.co.th