Sarawak govt joins Kenanga IB, Revenue Group to vie for digital banking licence

KUALA LUMPUR: SSG Digital Resources Bhd, a special purpose vehicle for a consortium comprising the Sarawak government, Revenue Group Bhd and Kenanga Investment Bank Bhd, has submitted its application for a digital banking licence from Bank Negara Malaysia (BNM).

This is pursuant to the Licensing Framework for Digital Banks and Application Procedures for New Licences under the Financial Services Act 2013 issued by Bank Negara Malaysia.