KASIKORNBANK, Lu International unveil online wealth management platform

It will make use of a cloud-exporting model developed by Lufax Holding.

KASIKORNBANK and retail financial asset firm Lu International (Singapore) has teamed up to establish an online wealth management platform for retail investors in Thailand, the two firms announced in a joint press release.

The platform will make use of the cloud exporting model and fintech developed by Lu International’s parent company Lufax Holding, to be jointly operated and managed by both parties.

Lu International was set up in Singapore in 2017 as Lufax Holding’s first international arm, and now has over 380,000 registered customers.

Established in 1945, KASIKORNBANK is the fourth-largest commercial bank in Thailand with a customer base of over 17.3 million customers, including 12.7 million online users.