Consortiums led by RHB, YTL, Robert Kuok win digital bank licences
PETALING JAYA: Consortiums led by RHB, YTL and Kuok Brothers Sdn Bhd are among the five applicants who have been awarded digital bank licences. Bank Negara Malaysia (BNM) said consortiums of Boost Holdings Sdn Bhd and RHB Bank Berhad; Kuok Brothers and GXS Bank; as well as YTL Digital Capital…
PETALING JAYA: Consortiums led by RHB, YTL and Kuok Brothers Sdn Bhd are among the five applicants who have been awarded digital bank licences.
Bank Negara Malaysia (BNM) said consortiums of Boost Holdings Sdn Bhd and RHB Bank Berhad; Kuok Brothers and GXS Bank; as well as YTL Digital Capital and Sea Limited will be licensed under the Financial Services Act 2013.
Meanwhile, a consortium comprising AEON Financial Service, AEON Credit Service Berhad and MoneyLion Inc, as well as one led by KAF Investment Bank will be licensed under the Islamic Financial Services Act 2013.
This comes after a month-long delay on BNM’s announcement of the digital bank licence awards. In July last year, the central bank said it would announce its decision in the first quarter of 2022 after receiving 29 applications.
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