40 parties interested in BNM’s digital banking licences
KUALA LUMPUR: Some 40 parties have registered their interest with Bank Negara Malaysia (BNM) to apply for digital banking licences, its governor Datuk Nor Shamsiah Mohd Yunus said. The central bank is expected to award the licences in the first quarter of 2022, she told a press conference to announce Malaysia’s fourth quarter (Q4) 2020 […]
State has applied for digital banking licence
KUCHING: Sarawak has applied for a digital banking licence and is awaiting approval from the Ministry of Finance (MOF) and Bank Negara Malaysia (BNM), revealed Chief Minister Datuk Patinggi Abang Johari Tun Openg. Pointing out that the move was in tandem with the state digital economy initiative, he added, “This is looking at the fact […]
Winning strategy to secure BNM’s digital banking licence
KUALA LUMPUR: To win a digital banking licence, applicants must convince Bank Negara Malaysia (BNM) that they have a winning strategy, including the right business model and technology, said Ernst & Young Advisory Services Sdn Bhd (EY). Financial inclusion, innovative technology and capital strength of at least RM100 million will be the key factors for Malaysian applicants, the consulting firm said. […]
