White Papers and Reports

Four Things to Know Before Building a Virtual Bank in Malaysia

Malaysia’s decision to open doors to digital (or virtual) banks comes close on the heels of other countries in the Asia Pacific region.

Malaysia’s decision to open doors to digital (or virtual) banks comes close on the heels of other countries in the Asia Pacific region. This includes Hong Kong and Taiwan, and closer to home, Singapore, with its recent announcement to issue five new digital banking licences. Despite the recent delay in Malaysia’s consultation period for their virtual banking framework brought on by the COVID-19 pandemic, virtual banks are still a relevant topic to explore.

What would success look like for organisations looking to establish themselves in digital banking?

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