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Digital bank Rize, By Al Rajhi Bank
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contestchris
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 Apr 18 2023, 11:33 PM
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QUOTE(PueRTeaA @ Apr 18 2023, 10:38 PM) Sifu, just now I checked Bank Negara website, currently only 5 licensed digital bank in Malaysia. Can not find Rize/Al Rajhi Bank from the list. Why ar :confused: is this Rize regulated? https://www.bnm.gov.my/-/digital-bank-5-licencesALL commercial banks (conventional and Islamic) by default have a digital banking license, which is a subset of their commercial banking license. The 5 digital bank licenses approved by BNM was to non banking entities (although some like RHB also tersesat in there, not sure why/how). |
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contestchris
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Dec 4 2023, 09:09 PM
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Man what a shitshow. If BNM had any balls they would order Al-Rajhi to shut Rize down permanently and return all monies back to depositors as a stern deterrence.
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contestchris
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Dec 27 2023, 01:21 PM
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QUOTE(nexona88 @ Dec 27 2023, 11:14 AM) Don't know what to say to them... Either they too confident or just like Malaysia's tidak apa attitude... Since the middle & bottom of staff / management all Malaysian... Only those top is Arabs or foreigner.... Their in-house IT department developed the app is in house and mainly comprise of Malaysians. I know some of them. Sometimes issues come up that are hard to identify during testing. I'm sure they've learned a lot but it might just be a case of too little, too late. |
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