CNAsia, Intcys ink MoU in digital bank licence bid

(From left) Intcys Sdn Bhd director Wan Nurliyana Abdul Rahman, Pengerang member of Parliament and MyWEW advisor Datuk Sri Azalina Othman Said and CNAsia Corp Bhd executive director Chang Chee Ching at a memorandum of understanding signing ceremony between Intcys Sdn Bhd and CNAsia Corp Bhd, which will see the latter venturing into digital banking for women.

KUALA LUMPUR: Investment holding company, CNAsia Corp Bhd, has inked a memorandum of understanding (MoU) with Intcys Sdn Bhd, a social enterprise, in its bid to apply for a digital banking licence from Bank Negara.

CNAsia executive director Chang Chee Ching said the company would invest RM400mil to establish the digital banking platform, the MyWEW (Women Empowering Women) Digital Bank, to provide micro-credit facilities primarily for women.