A construction conglomerate. A media group. An agrochemical producer. No, they don’t walk into a bar. But they all have a thing in common—the desire to be a digital bank in Malaysia.
The Southeast Asian digital bank race has taken a very special turn in Malaysia. When the country closed applications for digital bank licences on 30 June, the central bank—Bank Negara Malaysia or BNM—had already received 29 entries 29 entries Bank Negara Malaysia Bank Negara Malaysia receives 29 applications for digital bank licences Read more .