dStatement (digital bank statement) is a service that allows the direct exchange of bank statement data between financial institutions in digital format. This will enable individuals who need bank statements as evidence for financial service applications to request their banks to send this information directly to other banks via mobile banking applications or other channels specified by each financial institution. This will enhance convenience for users in accessing financial services, replacing the previous requirement of obtaining this information in paper form. Initially, the dStatement service will be available for loan applications through digital channels, starting from January 24, 2022, with six banks offering the service, and an additional five banks expected to join in the first half of 2022 (details in the attached document).

The dStatement service is the first pilot project under the cooperation agreement “Developing Standards and Utilizing Digital Data Standards to Promote Financial Services”, which was signed by member banks of the Thai Bankers Association, State Financial Institutions Association, and International Banking Association on July 8, 2021. This initiative aims to empower financial service users to leverage their data held by various financial institutions, thereby increasing their opportunities to choose diverse financial services from other institutions conveniently, quickly, and according to their needs. It marks a significant step towards advancing financial services into a fully digital format.

Mr. Ronnadol Numnon, Deputy Governor for Financial Institution Stability at the Bank of Thailand, commented that recent technological advancements are crucial for accelerating the country's financial system towards a digital finance world. Therefore, creating an open ecosystem that allows both financial service users and providers to utilize available technology and data for innovation in service delivery and enhancing access to diverse financial services is essential. The launch of the dStatement service today marks the beginning of establishing an open data ecosystem to lay the necessary foundation for the Thai financial sector to adapt to future changes. This ecosystem will enable citizens to utilize their data to access better financial services, improve efficiency, reduce costs, and foster beneficial competition for the public.

Mr. Payong Srivanit, President of the Thai Bankers Association, revealed that the Thai Bankers Association and its member banks have continuously supported the development of the dStatement service to ensure equitable, convenient access to loans for customers. The dStatement service exemplifies the creation of a data ecosystem in the financial sector, facilitating the emergence of innovative financial services through digital channels, resulting in citizens receiving services that better meet their needs, with increased speed and convenience. This aligns with the Thai Bankers Association's three-year strategic plan to strengthen the banking industry (Enable Country Competitiveness) by creating data connectivity frameworks and infrastructure to reduce unnecessary redundant activities, thus meeting the needs of all customer segments and accommodating future changes in the banking sector, serving as a strong pillar for driving sustainable economic growth.

Mr. Chatchai Sirilai, President of the State Financial Institutions Association, stated that state financial institutions are committed to transforming financial services for the public, covering all customer groups. They believe that data connectivity will enhance citizens' ability to utilize their information, allowing for easier access to financial services with reduced financial burdens for improved quality of life. The State Financial Institutions Association and its members have consistently supported this project's collaboration.

The Bank of Thailand, Thai Bankers Association, and State Financial Institutions Association hope that the dStatement service will provide citizens with greater benefits and a better experience in using digital financial services. In the next 2-3 years, there will be ongoing collaboration to expand the scope of services to ensure users can access a variety of financial services through convenient and rapid digital channels, while service providers can develop financial services that better meet the needs of individual customers.

Details and conditions for using the dStatement service from each bank can be further explored on the websites or other communication channels of the participating banks.