KUALA LUMPUR: The Malaysian banking industry will become increasingly competitive going forward following its foray into sustainable and ethical banking initiatives as well as digital banking with the issuance of five digital banking licences by Bank Negara Malaysia (BNM).
Speaking at the inaugural Malaysian Banking Conference 2022 here today, Asian Institute of Chartered Bankers (AICB) chairman Tan Sri Azman Hashim said social finance is also poised to play a greater role in the industry, effectively complementing the environmental, social and governance (ESG) agenda through its potential to integrate inclusiveness into the country’s financial ecosystem of the future.
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