Mitihoon – Bangkok, 23 March 2026 – The Siam Cement Public Company Limited (SCG), a leading industrial conglomerate in ASEAN and SCB X Public Company Limited (SCBX), Thailand’s leading financial technology group have signed a Memorandum of Understanding (MOU) to establish a strategic collaboration in Artificial Intelligence (AI) and Intellectual Property (IP) management.
The collaboration underscores the shared strategic focus of SCG and SCBX on leveraging AI and deep technologies as key drivers of productivity improvement, cost optimization, and sustainable value creation. By combining SCBX’s advanced capabilities in AI, Machine Learning, and Quantum Technology with SCG’s industrial expertise, manufacturing scale, and best in class IP management, the partnership seeks to develop scalable solutions tailored to enterprise level deployment.
Mr. Paramate Nisagornsen, Vice President – Corporate Administration, SCG, said “SCG is committed to continuously enhancing its competitiveness through the adoption of technology and innovation across the organization. This collaboration with SCBX represents a significant milestone in integrating SCG’s strengths in intellectual property management with SCBX’s advanced AI capabilities. Together, we aim to accelerate innovation development, improve operational performance, and create new value for our businesses and partners, while supporting the long term, sustainable growth of Thailand’s industrial sector.”
Mr. Kaweewut Temphuwapat, Chief Innovation Officer, SCB X Public Company Limited (SCBX), and Chief Executive Officer, SCB 10X, added “SCBX continues to drive growth through advanced technologies, particularly AI and future ready innovations. Partnering with SCG, an organization with strong industrial foundations and proven excellence in IP management, will accelerate the transition of research and emerging technologies into real world enterprise applications. This collaboration reinforces SCBX’s role as a key enabler of Thailand’s digital economy and reflects our commitment to building a leading regional financial technology group.”
Four Strategic Pillars of Collaboration
Under the MOU, SCG and SCBX will jointly explore opportunities and develop pilot initiatives across four strategic areas:
- Strengthening Intellectual Property Management Capabilities
SCG will share its ASEAN recognized IP strategy frameworks, best practices, and management processes to support SCBX in systematically developing, protecting, and managing IP related to AI, software, and emerging technologies.
- Leveraging AI to Enhance Efficiency and Business Value
SCBX will deploy AI, Machine Learning, and Quantum Computing technologies to address SCG’s core business challenges, particularly in manufacturing and operations. In parallel, SCG will contribute proven digital solutions to enhance SCBX’s internal processes and support the development of new business opportunities.
- Joint Research and Co Innovation Development
The two organizations will collaborate on frontier research areas, including Generative and Agentic AI, Quantum Technology, and domain specific AI models, and undertake Proof of Concept (PoC) and pilot projects to validate both technological feasibility and commercial impact prior to scaling.
- Knowledge Sharing and AI Ecosystem Development
SCG and SCBX will exchange insights on technology trends and AI foresight, and jointly support technology and innovation initiatives aimed at fostering a robust AI ecosystem and reinforcing Thailand’s leadership in enterprise technology adoption.
Driving Measurable Outcomes and Long-Term Competitiveness
This partnership marks a significant step in the convergence of finance, technology, and industry, with a clear focus on delivering measurable outcomes across technology adoption, innovation development, and business value creation. The collaboration is expected to strengthen the competitive position of Thai enterprises and contribute to Thailand’s standing in the global economic and technology landscape.
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