Banking on virtual lenders


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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 31
Cxense type: NA
User access status: 3

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

   

Next In Business News

Zafrul: Strict MCO remains under phase two of NRP
Govt remains committed to help those adversely affected by pandemic
UK's Morrisons rejects takeover proposal from CD&R
Wall St week ahead - Fed shift causes rally in value stocks to wobble
Bank stocks lurch into ranks of June’s worst as rally unravels
Fernandes: Aviation industry likely to return to normal in 2022
KPower energises global energy, solar market
MEF: Well-coordinated enforcement activities on businesses crucial
Mustapa: 12MP includes National Recovery Plan
Maybank IB clinches top awards at FinanceAsia Country Awards, Alpha SEA

Stories You'll Enjoy


Vouchers