Aeon Bank Bhd, one of the five digital banking license holders in Malaysia, is set to start operations and launch its banking application by the end of the second quarter this year, said its chief executive officer Raja Teh Maimunah Raja Abdul Aziz.
“We will launch a minimal viable product, and as we progress, additional products and financing options will follow,” she told Bernama in an interview today.To ensure its application is user-friendly and can be accepted by consumers from all walks of life, Aeon Bank has done its beta testing among the group’s employees, said Raja Teh Maimunah.
“These businesses cannot access funding through traditional banks or borrowing methods as credit evaluation needs to be done differently. Aeon Bank is jointly owned by Aeon Financial Service Ltd and Aeon Credit Service Bhd, both subsidiaries of Japan’s largest retail group, Aeon Group.
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