SCB X Public Company Limited (SCBX) (SET: SCB) today announced a strategic partnership with Chulalongkorn University, represented by its Faculty of Science and Siam Quantum Square (SQ²), through the signing of a Memorandum of Understanding (MOU). The collaboration aims to drive research and development (R&D), and real-world applications of quantum technology in the financial sector, while strengthening Thailand’s long-term technological competitiveness.
This partnership reflects SCBX’s strategic ambition to position itself as a regional financial technology leader—advancing innovation not only within its organization, but also contributing to the development of foundational capabilities that will enable Thailand to navigate the next wave of global technological transformation. Quantum technology is widely regarded as a next frontier, with the potential to fundamentally redefine computation, security, and risk management across industries, particularly in financial services.
Professor Dr. Wilert Puriwat, President of Chulalongkorn University, said “Quantum technology represents one of the most transformative forces shaping the future of science, the economy, and society—potentially surpassing even artificial intelligence in its long-term impact. Chulalongkorn University has therefore identified quantum science as a strategic priority, with a strong focus on translating academic research into real-world applications that create tangible economic and societal value.
SCBX’s decision, as a leading innovator in financial services, to partner with the University reflects strong confidence in our research capabilities and talent. This collaboration marks the beginning of a long-term strategic engagement that will deliver high-impact research, cultivate the next generation of quantum professionals, and position Thailand as an emerging regional hub for quantum technology.”
Mr. Kaweewut Temphuwapat, Chief Innovation Officer of SCBX and Chief Executive Officer of SCB 10X, stated “Quantum technology will be a defining wave of transformation with far-reaching implications for the financial industry. At SCBX, our role extends beyond organizational readiness—we are committed to contributing to the development of ‘technological resilience’ at the national level.
Our collaboration with Chulalongkorn University and SQ² provides a structured platform to translate advanced research into real-world applications, spanning frontier research, pilot experimentation, and talent development. We will continue to work closely with partners across academia, regulatory bodies, and global technology leaders to democratize access to knowledge, while laying the foundations of a robust and future-ready technological ecosystem for Thailand.”
Advancing Collaboration Through Five Strategic Pillars
Under the framework of this partnership, SCBX and Chulalongkorn University will collaborate across five strategic pillars, spanning the full innovation lifecycle—from research to commercialization and ecosystem development:
- Frontier Research & Practical Knowledge Creation: Advancing cutting-edge quantum research with a focus on financial applications (“Banking with Quantum”), including high-impact use cases such as portfolio optimization using quantum algorithms and fraud detection through quantum machine learning. The collaboration will ensure that research outputs are translated into practical applications, while contributing to leading international academic publications.
- Use Case Discovery & Pilot Validation: Systematically identifying and assessing high-potential quantum use cases through structured discovery processes, followed by targeted pilot programs to validate both technical feasibility and business impact in controlled environments before scaling.
- Talent & Capability Development: Developing a robust talent pipeline through internship programs, institutional exchanges, and structured mentorship initiatives—bridging academic theory with industry practice and strengthening Thailand’s long-term capabilities in quantum technologies.
- Ecosystem Building & Industry Activation: Fostering a national quantum ecosystem through industry workshops, Quantum Industry Day events, and innovation challenges, with the objective of accelerating technology adoption and enabling commercially viable innovation.
- Strategic Foresight & Public Engagement: Co-developing the “SCBX Quantum Outlook” report to provide forward-looking insights into the evolution of quantum technologies, alongside public engagement initiatives aimed at raising awareness and enhancing national readiness.
This partnership represents a significant milestone in bridging academia and industry to advance frontier technologies. By combining SCBX’s expertise in financial innovation with Chulalongkorn University’s academic leadership, the collaboration is expected to accelerate the development of a robust quantum ecosystem in Thailand and strengthen the country’s competitiveness in the global technology landscape.
