Kasikorn Business Technology Group (KBTG)
Kasikorn Business Technology Group (KBTG) is the wholly-owned technology arm of KBank (SET:KBANK / Kasikorn Bank). Develops and operates the K PLUS mobile-banking app (one of Thailand's largest mobile-banking platforms), AI-powered banking products, and digital-channel customer experience. Investments in AI/ML, biometric authentication, and data-centre infrastructure. Anchor of KBank's structural digital transformation and competes against SCB Tech X (SCB), KASIKORN X (early-stage venture arm), and Krungsri Innovate (BAY).
Profile overview
Kasikorn Business Technology Group (KBTG) is the wholly-owned technology arm of KBank (SET:KBANK / Kasikorn Bank). Develops and operates the K PLUS mobile-banking app (one of Thailand's largest mobile-banking platforms), AI-powered banking products, and digital-channel customer experience. Investments in AI/ML, biometric authentication, and data-centre infrastructure. Anchor of KBank's structural digital transformation and competes against SCB Tech X (SCB), KASIKORN X (early-stage venture arm), and Krungsri Innovate (BAY).
Business segments
Mobile Banking
K PLUS App
K PLUS is Thailand's most-downloaded banking app with 21M registered users and 12M monthly-active users as of 2023. Handles ~80% of KBank's retail transactions. Features PromptPay, QR-code payments, micro-investment, and AI-personalised financial planning.
AI Banking
KBTG AI Lab
Operates KBTG AI Lab focused on generative AI, NLP, and computer-vision deployment across KBank products. Notable projects include AI credit scoring (replacing bureau-only models), biometric onboarding, and fraud-detection ML pipelines.
Infrastructure
Data Centre and Cloud
Manages KBank's private-cloud and hybrid-cloud infrastructure. Partnered with Google Cloud and AWS for workload migration. Invested in data-centre co-location facilities to support real-time processing of 15M daily transactions.
Thai bank tech arms — comparison
Watchpoints 2025-2026
GenAI
Generative AI Deployment
KBTG is piloting LLM-powered customer-service bots and automated credit-memo generation. Regulatory guardrails from BoT on AI-in-banking are expected by mid-2025; compliance architecture will shape deployment pace.
API Banking
Open Banking Framework
BOT's open-banking API standards (Phase 2 rollout 2025) require KBTG to expose standardised payment and account-data APIs. Third-party fintech integration and embedded-finance partnerships are the strategic opportunity.
Spin-off
KBTG Standalone Value
Market speculation about a partial KBTG IPO or carve-out to unlock tech-multiple valuation separate from KBank's P/BV-based banking multiple. A listed KBTG would be benchmarked to Grab Financial and Sea Money comparable tech-banking peers.
Related Market profiles
Peers, parents, partners, agencies, and other Fintech / Banking Tech actors.
Competitor
Bitkub
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Competitor
LINE BK
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Competitor
ShopeePay Thailand
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Reports featuring this profile
Thailand Enterprise AI & Bilingual SaaS 2027 Market Intelligence
KBank captive technology and AI arm; Kompass enterprise AI suite spanning customer service, fraud, document automation, and advisor copilots.
Open report →
Sits alongside 2 other Atlas profilesThailand Open Banking Framework and Thai Bank API Development
KBank's wholly-owned tech arm; runs K PLUS app, AI banking, digital channels.
Open report →
Sits alongside 5 other Atlas profilesRelated Market profiles
competitor
Bitkub
Thailand's dominant SEC-licensed crypto exchange; 2021 SCB USD 500M+ acquisition attempt did not complete.
competitor
LINE BK
Thailand's first licensed digital bank — KBANK × LINE joint venture, launched October 2020; 5M+ users FY2024.
competitor
ShopeePay Thailand
Platform-embedded wallet, BNPL inside Shopee app; Sea Limited (NYSE: SE) subsidiary.