Digital banks will enable wider financial inclusion

Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus said by adopting digital technology more widely for everyday transactions, Malaysia could increase opportunities for society to participate in the economy by overcoming geographical barriers.

PETALING JAYA: KAF Investment Bank Bhd expects the awarding of the digital bank licence to a consortium led by the investment bank would enable it to deploy robust digital strategies with its partners for a wider financial inclusion through multi-channel deliveries.

Deputy chief executive officer Thariq Usman Ahmad said a significant amount of effort is being put forward to modernise the banking industry.