Digital bank license malaysia - Malaysia reboots virtual bank license plan

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Digital Banking: Malaysian banks at a crossroads

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And the five recipients of Malaysia’s digital banking licenses are…

National Bank of Malaysia to award five digital banking licenses

During a recently-held online press conference, Bank Negara Malaysia Governor, Datuk Nor Shamsiah Mohd Yunus stated that more than 40 parties have formally expressed their interest with the reserve bank to acquire a digital banking license by submitting an online application.

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Bank Negara has inserted language warning digital banks not to let off-balance sheet assets sneak onto their loan books.

  • With the launch of the Framework Document and up to five digital banking licences up for grabs, the waiting is finally over.

  • Accordingly, while only five entities will acquire digital banking licenses in Malaysia in 2022, the emergence of digital banking will benefit a much larger field of businesses, both in fintech and beyond.




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