Banking sector to be competitive with digital entrants, Al Rajhi Bank on the ball


KUALA LUMPUR: Digital banking new entrants that are able to offer meaningful products primarily in terms of assets and that demonstrate a high level of trust will pose a threat to incumbent banks.

Al Rajhi Bank Malaysia chief executive officer Arsalaan Ahmed said real competition is coming and the banking sector is set to become an exciting space over the next 12 to 18 months.

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