Digital growth a key theme for banks now

Going digital: A man using an ATM in Shah Alam. The deadline for the application of a digital banking licence is this Wednesday and Bank Negara is expected to issue up to five licences by the first quarter of next year.

PETALING JAYA: Banks are upping their game plan in a bid to safeguard their turf and grow their digital banking businesses in anticipation of fierce competition from the entry of new players.

Most incumbent banks are seen accelerating their digital transformation to remain competitive and capture more customers in the various segments.