Banking on virtual lenders

  • Banking
  • Saturday, 04 Jan 2020

The central bank is expected to finalise the policy document for digital banking by the first half of 2020 to invite applications to make their bids.

THE biggest story in Malaysia’s banking scene towards the end of last year was the central bank’s plans to issue up to five licences for digital banks.

The development spells interesting times for banks, which are facing continuous pressure on their net interest margins and revenue growth.

We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at 1-300-88-7827. Thank you for your patience - we're bringing you a new and improved experience soon!

Article type: premium
User access status: 3

digital , banking , Malaysia , Bank Negara , central bank , five , licences ,


Across The Star Online