Digital banks to thrive alongside traditional banks: HLIB
KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) maintained an ‘overweight’ call on the banking sector as it expects digital banks to thrive peacefully with their traditional counterparts and not become major threats in the near future. In its research note today, HLIB said classical banks were also not taking digital banks lightly and had […]
Digital banks will spur financial innovation
KUALA LUMPUR: While digital banks are disruptors relative to traditional banks and will intensify competition, their impact will be limited in the next three years, given the regulatory restrictions on their asset size, that is, not more than RM2 billion, said RAM Rating Sdn Bhd (RAM Ratings). The credit rating agency said the entry of digital banks […]
