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digital banks

A collection of 3 posts

New Digital Banks Should Address the Needs of SMEs

New Digital Banks Should Address the Needs of SMEs

Datuk William Ng, Samenta chairman, says the five consortiums that won Bank Negara’s digital banking licences should focus on what the SMEs need. The five are: a consortium of Boost Holdings Sdn Bhd and RHB Bank Bhd; a consortium led by GXS Bank Pte Ltd and Kuok Brothers Sdn

Five successful applicants for the digital bank licences

Five successful applicants for the digital bank licences

Bank Negara Malaysia says five applicants, out of 29, have successfully obtained approval for the digital bank licences from the Minister of Finance Malaysia. The following applicants are to be licensed under the Financial Services Act 2013 (FSA): * a consortium of Boost Holdings Sdn Bhd and RHB Bank Berhad; * a

Digital banks will make life difficult for small banks

conventional banking

Digital banks will make life difficult for small banks

Singapore, March 01, 2022 — The rise of digital banks across Southeast Asia will spur innovation and increase financial inclusion among the region’s unbanked and underserved. But the business model of digital banks remains untested over credit cycles, while the impact of digital disruption will likely be uneven between leading