Axiata, through its CEO Vivek Sood, has revealed that it plans to launch its digital bank by the end of
, as well as to Grab-Kuok Brothers and Sea-YTL, while consortiums led by AEON and KAF Investment Bank were given Islamic digital bank licences.
While the consortiums obtained the limited licences, BNM said that an audit would still need to be done by it before any of the planned digital banks could be launched. The central bank predicted that this process would take between 12 to 24 months.Now, over a year later, we still haven’t seen any digital banks launched by these partnerships, but we can expect to see at least three pop up by the end of the year.
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