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.

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


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