Will New Digital Banks Cause Disruption To The Banking Landscape?

Chan Jit Hoong, Senior Analyst, Hong Leong Investment Bank

06-May-22 07:15

Will New Digital Banks Cause Disruption To The Banking Landscape?

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Bank Negara Malaysia finally announced the 5 successful applicants for the digital banking licences but many are questioning whether these new digital banks can actually co-exist with their conventional counterparts, or will they be seen as major threats to the current banking system? Chan Jit Hoong, Senior Analyst at Hong Leong Investment Bank tell us. Image credit: Shutterstock.com

Produced by: Sim Wie Boon

Presented by: Philip See, Khoo Hsu Chuang, Tan Chen Li

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Categories: trends and forecasts, markets, social issues, technology, tech

Tags: digital banking license, bank negara malaysia, digital banks, digital banking, banking system, malaysian banking system,

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