Hope Pei Si comes with a good FD deals better than RIZE

Not so soon 🤦‍♀️ only beta testing internally

You should be dreaming 🤦‍♀️ after what GXS Singapore rates are don’t expect anything higher than OPR

cheh :-(

Here’s preview what you will be getting

https://www.gxs.com.sg/save

Expect at least 100 basis points lower than OPR which most likely will give you around 1.88% 🤦‍♀️

approved to operate from 15 Jan 2024

https://myboost.co/newsroom/boost-rhb-digit...nd-mof-commence
https://www.rhbgroup.com/files/others/highl...M20240108-1.pdf


L-R: Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group | Fozia Amanulla, CEO of Boost Bank | Sheyantha Abeykoon, Group CEO of Boost | Vivek Sood, Group CEO of Axiata Group Berhad

This post has been edited by cybpsych: Jan 9 2024, 11:11 AM

AEON Bank - Malaysia's First Digital Islamic Bank gotten Approval from BNM to operate 🙏

Rollout by Qtr 1 2024 for public

Now beta testing for AEON staff first...

https://soyacincau.com/2024/01/08/aeon-bank...phased-rollout/

This post has been edited by nexona88: Jan 8 2024, 09:58 PM

https://www.pidm.gov.my/en/how-we-protect-y...em/member-banks



This post has been edited by cybpsych: Jan 19 2024, 10:06 PM

Exciting news! AEON Bank will be launching this 2024! We want to onboard you for the grand reveal!

Secure your spot now for an easy, secure and enjoyable banking experience only with AEON!

Visit www.aeonbank.com.my and register now.




This post has been edited by cybpsych: Feb 21 2024, 12:42 PM

registration already start since jan. yet not arrived. most likely repost to encourage low intake

Since this applies to all digital banks, let's post it here. (It applies to eWallets and Rize as well...)

Bloomberg Technology: Explainer
How Safe Is Your Money in a Fintech, Really?

https://www.bloomberg.com/news/articles/202...ks-and-fintechs

A cautionary tale for those dreaming big about digital banking business: there is no money to be made...

FT Opinion | US & Canadian companies

The cautionary tale of Goldman and Apple’s credit card
Retail banking is not only harder than it looks but also heavily regulated by watchdogs who take their duties very seriously

by Brooke Masters (48 minutes ago)

https://www.ft.com/content/ede9f1fc-c1f5-4a...df-a182c6f9e922

No news from YTL-Sea digital bank yet... Expect to launch at year end... Expect another round of deposit war for the local banking sector...

https://www.pwc.com/my/en/assets/media/pwc-...tal-banking.pdf

KAF I think drop off completely already?

GX Bank and BoostBank joined ABM.

https://www.sinchew.com.my/news/20241104/nation/6047876

Not all digital banks lose money...

Bloomberg Technology: Nu Profit Soars as Digital Bank Logs Record Return on Equity

The firm added 5.3 million customers during the third quarter
It’s now Latin America’s most valuable financial institution

https://www.bloomberg.com/news/articles/202...beats-estimates

Latin America has a different customer profile from Asia though.

Aeon,GX, Boost, Rize. which is the 5th?

Rize not officially in the 5 digital bank license given out by BNM...

It's just one of the product / sub of Al Rajhi Bank...


This post has been edited by nexona88: Nov 14 2024, 03:11 PM

BenChiew rize is not part of the 5. 2 more banks still haven't gone live yet

• consortium of Sea Ltd and YTL Digital Capital Sdn Bhd
• consortium led by KAF Investment Bank that includes Carsome, MoneyMatch and Jirnexu

https://www.thestar.com.my/business/busines...o-digital-banks

Really pening with so many....and they all have some form of affinity membership.

KAF digital bank operations approved by BNM and MOF!

https://www.sinchew.com.my/news/20250113/finance/6217572

Ready for alpha stage testing soon!

https://fintechnews.my/47600/digital-bankin...f-digital-bank/

KAF official press release: https://www.kaf.com.my/Portals/0/KIB/Announ...%20Approval.pdf

This post has been edited by TOS2: Jan 13 2025, 11:09 PM

Let's start with 5% p.a. For KAF