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Digital banks will enable wider financial inclusion
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.
Serving the ‘unserved and underserved’
SMEs likely to be key beneficiaries of digital banks.
Assessment for digital banks in line with the law
PETALING JAYA: Bank Negara 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.
Doubling down on growth
COMING off a good – albeit challenging – year, fintech firm Boost has gotten yet another boost: it is among the successful applicants for the digital bank licences from Bank Negara.
Asean News Headlines at 9pm on Friday (May 6, 2022)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (May 6, 2022)
Assessment for digital banks in line with the law, no plans to issue more licences
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.
Digital licences no threat to conventional banks
PETALING JAYA: Bank Negara’s awardment of digital banking licences to five different consortiums will not pose a significant threat to the incumbent banks for now, say banking analysts.
Bursa Malaysia erases earlier gains as investors turn sour on banks
KUALA LUMPUR: The FBM KLCI turned negative in late-morning trade after bank stocks succumbed to fears over rising competition from digital banks, erasing earlier strong gains on the back of the US Federal Reserve's recent rate hike announcement.
No immediate competitive impact from digital banks, says Kenanga
KUALA LUMPUR: The entry of digital banks into Malaysia's financial sector does not pose any immediate challenge to the operations of existing banks given the time taken to set up and the smaller scale of operations than the conventional banks, says Kenanga Research.
