Tag: Digital Banking
Malaysia Banks to be held up by resilient earnings
Malaysian banks are poised for robust performance, with Kenanga Research maintaining an overweight rating after Q4 2022 earnings. Despite potential challenges in loan growth and interest margins, non-interest income is expected to provide support, making banking stocks attractive to investors seeking stable returns.
MBSB Bank, Prec ink pact to drive cashless business transactions among SMEs
- MBSB Bank and PKNS Real Estate signed an MoU to support small businesses by introducing cashless transaction platforms like DuitNow. The partnership aims to help business owners in SACC Mall and PKNS Complex reduce operational costs and improve financial management through real-time retail payment solutions.
Bank Negara issues exposure draft on licensing and regulatory framework for DITOs
Bank Negara Malaysia has published an exposure draft detailing regulatory guidelines for Digital Insurers and Takaful Operators. The proposed framework aims to enhance market inclusiveness, competition, and operational efficiency while establishing clear licensing and business model standards for digital insurance providers.
