Digital banks to complement, not compete with traditional banks - KAF Digital Bank CEO

KAF Digital Bank CEO Rafiza Ghazali

PETALING JAYA: Digital banks’ main purpose is to provide more options for consumers, not to compete with traditional banks, said KAF Digital Bank Bhd chief executive officer Rafiza Ghazali.

She said digital banks are not designed to match the vast capacity of traditional banks, but instead focus on serving a more specific target audience.