By Anshuman Daga and Liz Lee
By Anshuman Daga and Liz Lee
SINGAPORE/KUALA LUMPUR, Jan 22 (Reuters) – Journey-hailing group Seize, gaming agency Razer 1337.HK, AirAsia AIRA.KL, telecoms agency Axiata AXIA.KL and lender CIMB CIMB.KL are amongst corporations trying to apply for digital banking licences in Malaysia, sources advised Reuters.
A few of these corporations have begun speaking to consultancies as they discover a potential foray into digital banking, mentioned the individuals accustomed to the matter.
Throughout Asia, regulators are opening up banking to new digital gamers, inspired by a increase in cellular connectivity and the prospect of tech corporations – not shackled to costly bodily branches – providing low-cost monetary providers.
This month Singapore acquired 21 purposes for 5 digital financial institution licences.
In December, Malaysia’s central financial institution introduced plans to concern as much as 5 licences to new on-line banks providing both typical or Islamic banking underneath a proposed licensing…