Collaboration can be better than competition.
Centre for Market Education Research fellow Liew Chee Yoong said it would be a “good idea for those digital bank licence winners to team up or partner with those consortiums or parties which did not win the licences to leverage on the funding as well as obtain synergy and economies of scale in tapping the banking market.”
Experts have said that customer acquisition was one of the key elements of cost and also market access that the newly minted digital banks will face out of the gate apart from getting the banking infrastructure ready. “Competing against the other four successful bidders, who also have very deep pockets and strong financial partners, might be tough for the KAF-led consortium. They may need to work with other parties with very deep pockets and certain areas of expertise,” said Ng.
“In addition, Bank Negara is also correct in imposing an asset valuation limit of RM3bil in order to prevent ‘too big to fail’, which may generate systemic risk in the financial sector,” he said. “Regarding potential tie-ups and mergers and acquisitions , it is premature to say, but everybody would be looking at how these five digital banks perform,” he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Digital bank licences: T'ganu PKR wants bumi 'imbalance' addressedAzan wants an explanation from the prime minister and finance minister.
Read more »
Soccer-Richarlison nets winner as desperate Everton beat ChelseaLIVERPOOL, England (Reuters) - Striker Richarlison profited from a Chelsea error to secure struggling Everton a 1-0 Premier League win and what could be a precious three points in their bid to avoid relegation at a rocking Goodison Park on Sunday.
Read more »
Nadal: Wimbledon ban on Russian and Belarusian players ‘unfair’ | Malay MailMADRID, May 2 — Rafael Nadal deemed Wimbledon’s decision to ban Russian and Belarusian players from taking part in the Championships as “unfair”, the Spanish tennis legend told reporters in Madrid on Sunday. The 21-time major winner believes the All England Club chose “the most drastic...
Read more »
Everton earn priceless win, Arsenal ahead of Spurs in top-four race | Malay MailLONDON, May 2 — Everton kept alive their hopes of Premier League survival by shocking Chelsea 1-0 on Sunday, as Arsenal maintained their two-point lead over Tottenham in the battle to qualify for next season’s Champions League. Arsenal were 2-1 winners at West Ham to move back above Spurs, who...
Read more »
Zaha’s late strike gives Palace 2-1 win at Southampton | Malay MailSOUTHAMPTON, May 1 — Crystal Palace winger Wilfried Zaha came off the bench and scored a last-gasp winner as they fought back from a goal down to snatch a 2-1 victory at Southampton in the Premier League yesterday. With the game seemingly headed for a draw, Zaha latched onto a pass from James...
Read more »