Digital banks will enable wider financial inclusion


Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus said by adopting digital technology more widely for everyday transactions, Malaysia could increase opportunities for society to participate in the economy by overcoming geographical barriers.

PETALING JAYA: KAF Investment Bank Bhd expects the awarding of the digital bank licence to a consortium led by the investment bank would enable it to deploy robust digital strategies with its partners for a wider financial inclusion through multi-channel deliveries.

Deputy chief executive officer Thariq Usman Ahmad said a significant amount of effort is being put forward to modernise the banking industry.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

GDA secures 84.12% holdings in MAHB takeover offer
CJ Century appoints Kim Hyunchul as deputy CEO
Ringgit ends lower against US dollar
Antom, AirAsia Move join forces for seamless payment solutions
MClean Technologies raises RM13.2mil through private placement
IGB-REIT sees RM264mil revaluation surplus
Bursa Malaysia tumbles as over 800 stocks end in the red
Tariffied? Markets feeling the most pinch from Trump tariff risks
Asia FX knocked by dollar's strength on healthy US data
Oil rises on tighter OPEC supply, US jobs data

Others Also Read