Maybank did not apply for digital banking licence as digital journey began in 2014: Group CEO

Maybank group president and chief executive officer Datuk Abdul Farid Alias.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) did not apply for Bank Negara Malaysia’s (BNM) digital banking licence as it has embarked on the journey since 2014, says group president and chief executive officer Datuk Abdul Farid Alias.

"Our journey for digital banking did not start last year but in 2014, and we do have the option to introduce digital banking under the licence we have right now, so we do not have to apply one,” he told a virtual media briefing after presenting the group’s performance for the first half of 2021 (H1 FY21) here today.