Bank Negara Malaysia finally announced the 5 successful applicants for the digital banking licences but many are questioning whether these new digital banks can actually co-exist with their conventional counterparts, or will they be seen as major threats to the current banking system? Chan Jit Hoong, Senior Analyst at Hong Leong Investment Bank tell us. Image credit: Shutterstock.com

<p>Bank Negara Malaysia finally announced the 5 successful applicants for the digital banking licences but many are questioning whether these new digital banks can actually co-exist with their conventional counterparts, or will they be seen as major threats to the current banking system? Chan Jit Hoong, Senior Analyst at Hong Leong Investment Bank tell us. Image credit: Shutterstock.com</p>

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.

<p>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.</p>

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