‘Cannibalise to digitalise’


Nor Shamsiah: Ultimately, fintech in Malaysia should be harnessed to offer inclusive, sustainable and relevant financial products.

KUALA LUMPUR: Banks embarking on digital transformation must be willing to cannibalise their own business to become successful, according to a financial technology (fintech) commentator.

Chris Skinner, chief executive officer of UK-based fintech and financial markets blog, The Finansier, said banks need to employ individuals that could “destroy the business”.

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Cannibalise , digitalise , banks , Nor Shamsiah , Bank Negara ,

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