Digital bank: A promising start, with more to unfold

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Digital bank: A promising start, with more to unfold
MalaysiaDigital BankUnderserved
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BANDAR SERI BEGAWAN: Prince Al-Muhtadee Billah, the Crown Prince and Senior Minister at the Prime Minister's Office, attended the friendly game between DPMM FC and Indonesia side Sumsel United FC at the Hassanal Bolkiah National Stadium on Aug 2.

Singapore: Jail and fine for Myanmar man linked to case involving three bank accounts that received over US$531mil in totalKUALA LUMPUR: Malaysia 's digital bank ing journey is making good progress and has great promise in addressing unserved and underserved segments, said Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour .

On the financing side, Abdul Rasheed said most digital banks have yet to fully roll out their credit products to the general public. "We will consider all the key data from the digital banks to come up with an assessment as to whether digital banks meet our ultimate aim of serving the underserved and unserved," he said.

Of the five, four have commenced offering their products to the public, providing a range of digital financial services, including personal banking, business solutions and Islamic banking products.

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Malaysia Digital Bank Underserved Bank Negara BNM Abdul Rasheed Ghaffour Gxbank AEON Bank Ryt Bank

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