Bank Negara Malaysia and the Finance Ministry have now approved all five licensed digital banks, with three of them - GXBank, AEON Bank and Boost Bank - already up and running. Ryt Bank and KAF Digital will follow soon. Ravi Kittane, Partner, Ernst & Young Consulting, assesses the impact of these 5 entities in shaping Malaysia's digital banking space.



Image Credit: Shutterstock.com

Bank Negara Malaysia and the Finance Ministry have now approved all five licensed digital banks, with three of them - GXBank, AEON Bank and Boost Bank - already up and running. Ryt Bank and KAF Digital will follow soon. Ravi Kittane, Partner, Ernst &amp; Young Consulting, assesses the impact of these 5 entities in shaping Malaysia's digital banking space.Image Credit: Shutterstock.com

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Advertisement