(Reuters) - The gap in returns between the S&P 500 and the index's equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia.
PETALING JAYA: Bank Negara will issue licences to any digital insurer and takaful operator that meet its requirements and will not limit the number to only five.“Licences will be issued to successful applicants who can meet the requirements of the framework with strong capacity and capability to achieve the intended policy outcomes.”
“In line with the Financial Sector Blueprint 2022–2026 strategic thrust to advance the digitalisation of the financial sector, this policy document sets out requirements to facilitate the entry of Ditos that can deliver strong and meaningful value propositions of inclusion, competition and efficiency.”
“Ditos will observe a foundational phase over a period between three years and up to seven years to demonstrate their viability and operational soundness,” said the central bank. They are characterised by their digital operations, with innovative business models and products to better meet consumer needs.
Banknegara Digitalinsurers Takafuloperators Licensing Financialsector Digitalisation Policydocument
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