Assessment for digital banks in line with the law, no plans to issue more licences


Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus

KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus, in an exclusive interview with Bernama, shares more details on the assessment and selection of the five consortia for digital bank licences.

Question 1: Why is BNM opening the doors to digital banks? Given that incumbent banks have also gone into digitalisation, what more can these banks do?

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

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