https://www.thestar.com.my/business/busines...banking-journey

https://www.businesstimes.com.sg/banking-fi...al-bank-licence

Potential new player: Axiata + RHB

This post has been edited by TOS: May 31 2021, 05:14 PM

https://www.sinchew.com.my/content/content_2495810.html

https://www.theedgemarkets.com/article/sunw...-banking-permit

Sunway also wants to join the game.

This post has been edited by TOS: Jun 16 2021, 08:29 PM

Which 3 are "confirmed"? Mind sharing your thoughts?

https://www.sinchew.com.my/content/content_2496020.html

https://themalaysianreserve.com/2021/06/17/...l-bank-license/

Not the end yet... We have Petronas, Sea, YTL, and Sararwak government joining.

More details on iFAST's consortium.

They partner with Koperasi Angkatan Tentera and others.

https://links.sgx.com/FileOpen/iFAST_MY%20D...t&FileID=673073

Another contender last minute.

Aeon Credit. https://www.sinchew.com.my/content/content_2503389.html

That's my hope too. Banks' participation will distort the much needed competition in Malaysia's financial market.

We will know the winners next month.

https://www.theedgemarkets.com/article/bank...anks-next-month

It's getting close. 5 license winners to be announced near end of the month.

https://www.sinchew.com.my/20220315/5%e5%be...88%83%e5%8a%8d/

This post has been edited by TOS: Mar 15 2022, 08:18 PM

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

Good. Now the results are out. Here's what to expect:

1. Promotional FD and saving rates of 3% p.a.or more to grab customers.

2. Ultra low loan rates to encourage you to borrow more.

3. Gain enough market share.

4. One year later, slaughter your customers by pulling the fish net, i.e. reduce saving interest rate. Continue promotions like "spin a wheel to grab 1 TSLA/AAPL share" but this time maybe spin the wheel and see how low your loan rates can be or how high your savings rate can be.

Forget about financial inclusion. (For BNM, it does not matter TnG loan rates can go up to 36% p.a., so why care?). It's profits that matter for shareholders.

Can expect more "virtual cards" issuance, which are good for stocks like Visa and Mastercard too.

This post has been edited by TOS: Apr 29 2022, 06:36 PM

GXBANK - GRAB-led digital bank - first to receive approval from Bank Negara Malaysia to commence operations

https://links.sgx.com/FileOpen/20230905-GXB...t&FileID=771616

This post has been edited by TOS: Sep 5 2023, 05:56 PM

Expect some promo FDs coming, which will disappear eventually...

https://www.sinchew.com.my/20230906/%e5%88%...ad%98%e6%ac%be/

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.