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Banking BNM announced 5 digital bank licences

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cybpsych
post Feb 17 2024, 07:13 AM

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All Stars
65,317 posts

Joined: Jan 2003
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.


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This post has been edited by cybpsych: Feb 21 2024, 12:42 PM
cybpsych
post Mar 27 2025, 04:08 PM

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All Stars
65,317 posts

Joined: Jan 2003
QUOTE(MrBaba @ Mar 27 2025, 02:55 PM)
Fyi all digital bank this year lose alot money kao kao
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all will lose and not breakeven in first few years of operation la

not easy to win banking license and have enough capital to last you the tough initial period, then to grow into breakeven/profitable stage
cybpsych
post Jul 11 2025, 07:23 AM

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All Stars
65,317 posts

Joined: Jan 2003
QUOTE(!@#$%^ @ Jul 11 2025, 03:39 AM)
any sign up benefit? and what's the banking benefit?
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topic here https://forum.lowyat.net/topic/5530476
cybpsych
post Aug 13 2025, 09:31 AM

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All Stars
65,317 posts

Joined: Jan 2003
Ryt Bank First Look. Malaysia's first AI-powered Digital Bank

Malaysia’s newest Digital Bank, Ryt Bank, is launching very soon on 26th August but they are now offering early access during the ASEAN AI Malaysia Summit 2025. Although this digital bank is the last among the 5 licensees to roll out to the public, the YTL Group x Sea Limited joint venture is banking on AI as its key differentiator.

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cybpsych
post Oct 1 2025, 09:48 AM

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All Stars
65,317 posts

Joined: Jan 2003
QUOTE(ornehx @ Oct 1 2025, 06:24 AM)
Will this likely mean they will continue the higher interest rates until year 5 or 6, hopefully.
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likely, hopefully smile.gif

problem is economy of scale

they need to build a large pool of user base first, then only can start monetizing from them and reduces/ammortized their initial investment faster

 

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