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PETALING JAYA: As Malaysia embarks on its digital banking licensing framework, incumbent banks are feeling the pressure as more non-bank players enter the digital fray.
Call for cooperation to address digital gap within a country and between countries.
As the race heats up within Malaysia’s crowded e-wallet environment, some technology firms are taking a different approach to remain relevant - by white labelling their e-wallet solutions.
NEW YORK: Office-sharing startup WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group, with a stark choice: take a haircut or pony up even more cash.
PETALING JAYA: Green Packet Bhd has proposed to undertake a private placement to raise up to RM85.2mil to finance future investments and working capital.
JOHANNESBURG: Citigroup Inc and Credit Suisse Group AG are expecting more African deals as governments sell assets and Ethiopia opens up.
SYDNEY: Australia granted a new banking licence to online-only banking firm Xinja Bank, allowing the startup to compete against the country’s “Four Big” lenders that dominate the sector.
PETALING JAYA: Despite the challenges faced by the industry, S&P Global Ratings is maintaining a “stable” outlook on all Malaysian banks.
VIETNAM jumped from fifth to third in the list of most active start-up ecosystems in the six largest Asean economies in only two years.
SINGAPORE: Singapore’s central bank has kicked off the application process for up to five new digital bank licences and issued detailed guidelines for potential contenders.