Licence ‘winners’ and ‘losers’ can collaborate


Centre for Market Education Research fellow Liew Chee Yoong said it would be a “good idea for those digital bank licence winners to team up or partner with those consortiums or parties which did not win the licences to leverage on the funding as well as obtain synergy and economies of scale in tapping the banking market.”

PETALING JAYA: There can be space for winners of the digital banking licences to team up with parties that have a unique skillset and funding but did not secure a licence when Bank Negara announced the winners on Friday.

Centre for Market Education Research fellow Liew Chee Yoong said it would be a “good idea for those digital bank licence winners to team up or partner with those consortiums or parties which did not win the licences to leverage on the funding as well as obtain synergy and economies of scale in tapping the banking market.”

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Digital , banks , Ng Zhu Hann , Shan Saeed ,

   

Next In Business News

Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024
Microlink wins RM56.45mil contract from Bank Islam Brunei
Bursa Malaysia higher at midday in sync with regional peers

Others Also Read