BNM to notify 5 successful digital bank licence applicants soon

BNM to make digital banking licence announcement upon completion of legal process

delay again...

You believe nonsense from BNM

It is basically to tip the scales towards the cronies instead

LOL, in this case if we can't trust BNM, who can we trust? Xander?

1stly as a central bank legal compliance and process should be even completed before even start a tender process in the 1st place

If you think BNM is trustable think again how much money have been swindled easily and no part and thanks BNM for allowing it as well

It has been 2 weeks past due. What's going on?

minum kopi, makan roti, kita semua gembira. if u know, u know.

Waiting for kickbacks from cronies to award the license to

work in progress lor

what's the rush?

https://www.theedgemarkets.com/article/bnm-...day-say-sources

Sources told The Edge the result will be announced this Friday.

This post has been edited by TOS: Apr 28 2022, 11:16 PM

oh well tomorrow it is!

we will know the result soon..

This post has been edited by Kadaj: Apr 29 2022, 03:33 PM

Can hoot Bursa for fast gambling?

Image Source: Fintechnews.my https://fintechnews.my/31002/virtual-bankin...laysia-winners/

Five successful applicants for the digital bank licences

https://www.bnm.gov.my/-/digital-bank-5-licences

Bank Negara Malaysia (BNM) wishes to announce the five successful applicants for the digital bank licences as approved by the Minister of Finance Malaysia.

A. The following applicants are to be licensed under the Financial Services Act 2013 (FSA):

a consortium of Boost Holdings Sdn. Bhd. and RHB Bank Berhad;
a consortium led by GXS Bank Pte. Ltd. and Kuok Brothers Sdn. Bhd; and
a consortium led by Sea Limited and YTL Digital Capital Sdn Bhd.

B. The following applicants are to be licensed under the Islamic Financial Services Act 2013 (IFSA):

a consortium of AEON Financial Service Co., Ltd., AEON Credit Service (M) Berhad and MoneyLion Inc.; and
a consortium led by KAF Investment Bank Sdn. Bhd.

Three out of the five consortiums are majority-owned by Malaysians namely Boost Holdings and RHB Bank Berhad, Sea Limited and YTL Digital Capital Sdn. Bhd. and KAF Investment Bank Sdn. Bhd.

All 29 applications received were thoroughly assessed pursuant to section 10 (1) of FSA, and IFSA[1], which require BNM to consider all the factors in Schedule 5 of the Acts and other relevant policy requirements. The assessment criteria cover the character and integrity of applicants, nature and sufficiency of financial resources, soundness and feasibility of business and technology plans as well as ability to meaningfully address financial inclusion gaps. Applications were assessed on their individual merits, as well as relative to other applications based on consistent evaluations of each assessment criteria. This horizontal review is based on the assessment criteria applied across all applicants to determine the relative strength of each application and identify successful applicants.



This post has been edited by cybpsych: Apr 29 2022, 04:33 PM

BigPay with Capital L

Not in the list right/?

no touch n go?

who this a consortium led by KAF Investment Bank Sdn. Bhd.?

didnt submit the proposal

probably moneymatch

https://themalaysianreserve.com/2021/07/09/...nvestment-bank/


more info >> https://fintechnews.my/31002/virtual-bankin...laysia-winners/

KAF Investment Bank, MoneyMatch, Carsome and Jirnexu (Islamic)

This post has been edited by cybpsych: Apr 29 2022, 04:15 PM