Boost Bank launches pioneering embedded digital bank app to Malaysian Digital News Asia June 6, 2024 Boost Bank, a homegrown digital bank approved by Bank Negara Malaysia and the Ministry of Finance announced the launch of its app. AEON Bank gets BNM nod to become Malaysia’s first Islamic ...
Bank Negara Malaysia ( BNM ) has awarded the licences to a consortium of Boost Holdings and RHB Bank; a consortium led by GXS Bank and Kuok Brothers; a consortium led by Sea Limited and YTL Digital Capital; a consortium of AEON Financial Service, AEON Credit Service and MoneyLion; and a ...
AEON Bank (M) Bhd (formerly known as ACS Digital Bhd) has announced approval from the Bank Negara Malaysia (BNM) and the Ministry of Finance to commence its digital banking operations in Malaysia, positioning it as the first Islamic digital bank in the country. The approval was...
Bank Negara Malaysia (BNM), the country’s central bank, has awarded digital banking licenses to five applicants, including a consortium led by Sea Group and YTL Digital Capital. A consortium comprising Boost Holdings and RHB Bank plus another led by GXS Bank and Kuok Brothers have also receiv...
The Grab-led digital bank,GX Bank Berhad (GXBank), is the first of the five digital bank licence applicants to receive the approval to commence operations from the Minister of Finance and Bank Negara Malaysia (BNM)ahead of the April 2024 deadline set by BNM.GXBank successfully completed ...
centres, including South Korea, Hong Kong, Taiwan, and Singapore, have either issued or plan to award new licences for digital banks. Malaysia is next: Bank Negara Malaysia (BNM), the central bank, is currently seeking industry comments on a proposed framework for digital-bank licence ...
Bank Negara Malaysia (BNM) continues to provide funds under theSME Automation and Digitalisation Facility (ADF), which was initially introduced in 2021. The purpose of this fund is to allow Malaysian SMEs to purchase equipment, machinery, computer hardware and software, IT solutions ...
MALAYSIA: Pertama Digital has submitted its Islamic digital banking license application to Bank Negara Malaysia (BNM) on the 30th June 2021, a bourse filing confirmed.
The release of Bank Negara Malaysia (BNM)’s Exposure Draft on Licensing Framework for Digital Banks will set the scene for one of the biggest disruptions to the financial services market in decades. Virtual banking: Malaysian customers take charge 2020 looks to be the year of virtual banking...
The release of Bank Negara Malaysia (BNM)’s Exposure Draft on Licensing Framework for Digital Banks will set the scene for one of the biggest disruptions to the financial services market in decades. In a move to boost sustainable economic growth, BNM’s call to action for digital banks to ...