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,