Malaysian Digital Banks Take Off

Ravi Kittane, Partner, Ernst & Young Consulting

16-Jan-25 07:45

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Bank Negara Malaysia and the Finance Ministry have now approved all five licensed digital banks, with three of them - GXBank, AEON Bank and Boost Bank - already up and running. Ryt Bank and KAF Digital will follow soon. Ravi Kittane, Partner, Ernst & Young Consulting, assesses the impact of these 5 entities in shaping Malaysia's digital banking space.

Image Credit: Shutterstock.com

Produced by: Natalie Tan, Tun Hizami Hashim

Presented by: Shazana Mokhtar, Keith Kam

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Categories: economy, technology, markets, alternatives, government, medical advances

Tags: bank licensing, Ryt Bank, digital banking, gxbank, kaf digital bank, malaysia, bank negara,

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