Thailand-based Siam Commercial Bank (SCB) has selected various wealth management solutions from information service provider Thomson Reuters.

The bank will integrate Eikon, Thomson Reuters’ financial analysis desktop and mobile solution, as well as Thomson Reuters Knowledge Direct – an API integration platform that provides content directly to internal or external applications, websites, and portals.

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SCB executive vice president of private banking division Lalitphat Toranavikrai said: “Unlike other systems, Thomson Reuters Eikon serves as a data pool covering all asset classes, not just equities. Customers will be able to view information such as bonds, mutual funds, exchange rates, commodities and others.

“Moreover, customers can also monitor economic and investment news updates from all over the world in real-time, just like professional investors, institutional investors, fund managers, or bank traders. This type of information is not usually provided to retail customers.”

The vendor said that its tools will enable the bank’s clients to gain API access to market data and will also enhance its digital strategy.

“It is also a keen interest of the Bank to enable its wealth clients, comprising SCB PRIVATE BANKING, SCB FIRST, and SCB PRIME, and those interested in investment, to have instant access to reliable information and investment knowledge. This approach will ensure our clients will not miss any important opportunities and investment timing,” Toranavikrai added.