PETALING JAYA: Bank Islam Malaysia Bhd has set up a new division to offer its digital banking products by 2021, in response to Malaysia’s plan to allow the creation of virtual banks that would induce non-bank players into the domestic banking scene.
Its chief executive officer (CEO) Mohd Muazzam Mohamed said the division – the Centre for Digital Experience (CDX) –- would focus on products that are in line with the objectives set out in Bank Negara’s Exposure Draft on Licensing Framework for Digital Banks.
Already a subscriber? Log in.
Save 30% for ads-free and full access now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
