ON APRIL 29, 2022, Bank Negara Malaysia (BNM) announced the five digital banking licence winners from the 29 applications received, namely a consortium of RHB Bank Bhd and Boost Holdings Sdn Bhd; a consortium led by YTL Digital Capital Sdn Bhd and Sea Ltd; a consortium led by GXS Bank Pte Ltd and Kuok Brothers Sdn Bhd; a consortium led by KAF Investment Bank Sdn Bhd; and a consortium of MoneyLion Inc, AEON Financial Service Co Ltd and AEON Credit Service (M) Bhd.
THE Grab Holdings Ltd-led digital bank in Malaysia is expected to form a five-member board led by Datuk Zaiton Mohd Hassan the former chairman of Bank Pembangunan Malaysia Bhd (BPMB) as chairman, according to several sources. “They’ve nominated the names and are awaiting final approvals from the central bank. It’s going through the process,” one of the sources tells The Edge.
COMING off a good – albeit challenging – year, fintech firm Boost has gotten yet another boost: it is among the successful applicants for the digital bank licences from Bank Negara.
May 5 It’s a stressful time for Saifuddin Nasution. His political future in PKR by extension, Malaysian politics is in doubt. Two years ago, he was domestic trade minister, today the party deputy president race decides his fate. Beat Rafizi Ramli and he is heir apparent to Anwar.