SINGAPORE - GX Bank Berhad on Tuesday announced that it is the first of the five digital bank licence applicants to obtain approval to commence operations in Malaysia.
GXBank has gotten approval from the Minister of Finance and Bank Negara Malaysia ahead of the April 2024 deadline set by BNM, a press statement said. The bank has also successfully completed an operational readiness review, and has been approved to commence operations from Sep 1. The digital-only bank will support customers’ needs through various channels including a bank app and 24/7 customer support via multiple platforms.
The lender will then progressively roll its services out to a wider pool of users, which will enable it to continuously receive feedback and refine the user experience before launching to the broader public.
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