KUALA LUMPUR, April 29 — Five consortia namely Boost Holdings Bhd-RHB Bank Bhd, GXS Bank Pte Ltd-Kuok Brothers Sdn Bhd, Sea Ltd-YTL Digital Capital Sdn Bhd, AEON Financial Service Co Ltd-AEON Credit Service Bhd-MoneyLion Inc and KAF Investment Bank Sdn Bhd win Malaysia’s digital bank licences.
The central bank said three out of the five consortia were majority-owned by Malaysians namely Boost Holdings and RHB Bank, Sea Ltd and YTL Digital Capital as well as KAF Investment Bank. “Digital banks can help individuals and businesses gain better access to more personalised solutions backed by data analytics. As businesses move online, digital banking also provides a safer and more convenient way to transact,” she added.
The central bank said applications were assessed on their individual merits as well as relative to other applications based on consistent evaluations of each assessment criteria.
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