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Banking BNM announced 5 digital bank licences

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MilesAndMore
post Feb 14 2022, 11:13 PM

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QUOTE(MUM @ Feb 14 2022, 12:30 AM)
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KUALA LUMPUR (Feb 13): Al Rajhi Bank Malaysia (ARBM) has announced the appointment of Ikram Khaliq as its head of digital bank.
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The move follows the announcement in December last year that the Islamic bank will be launching its digital bank this year.
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This, Arsalaan said, is in line with the strategic thrusts of the Financial Sector Blueprint 2022-2026 which focuses on the advancement of digitalisation of the financial sector as well as Islamic finance leadership, on top of the government’s emphasis on digital technology as outlined in the 12th Malaysia Plan.

“We are excited to be here as the new workspace enables ARBM to grow our digital bank in line with our vision of becoming the No 1 Islamic innovation bank in Malaysia,” he added.

https://www.msn.com/en-my/money/topstories/...V?ocid=msedgntp
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Sounds like just a spin-off of the mother company - Al Rajhi Bank, similar to HSBC Direct that was a phone banking bank account.

 

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