The Future Of Banking的动态

After a month of delay, Bank Negara Malaysia (BNM) finally announced the list of successful applicants. The framework which was first issued on 30th December 2020, was hotly contested and attracted 29 parties to bid for the licenses. The central bank said all 29 applications received were thoroughly assessed pursuant to section 10 (1) of FSA, and IFSA, which required BNM to consider all the factors in Schedule 5 of the Acts and other relevant policy requirements. The assessment criteria cover the character and integrity of applicants, nature and sufficiency of financial resources, soundness and feasibility of business and technology plans as well as ability to meaningfully address financial inclusion gaps. Applications were assessed based on their individual merits, as well as relative to other applications based on consistent evaluations of each assessment criteria. This horizontal review is based on the assessment criteria applied across all applicants to determine the relative strength of each application and identify successful applicants. Read the full Fintech News Malaysia article written by Vincent Fong through the link in the comments. #banking #digitalbanking #onlinebanking #bankingservices #bankingtechnology #bankingindustry #financialtechnology #financialservices #fintech