tech news

The Week That Was: Banking on tech

The Malaysian Communications and Multimedia Fee (MCMC) is suspending two of its surveys till additional discover.

The Hand Cellphone Customers Survey and e-Commerce Client Survey 2019 have been initially purported to run till Could 31, with calls made every day from 9am to 6pm, besides on nationwide and Selangor public holidays.

MCMC claimed that the survey is for knowledge assortment functions solely, and no gross sales will likely be solicited or cash collected. It added that participation is on a voluntary foundation.

In the meantime, Financial institution Negara Malaysia (BNM) revealed that it plans to concern licences to as much as 5 candidates to arrange a digital financial institution.

The licensing framework, which is barely set to be finalised this yr, might assist to deal with gaps available in the market, and introduce revolutionary monetary options to prospects.

In Singapore, Grab and Singtel are working together to apply for a full digital banking license. — AFPIn Singapore, Seize and Singtel are working collectively to use for a full digital banking license. — AFP

The brand new licensees will even have entry to the native shared ATM community.

In the meantime in Singapore, Seize Holdings and telco Singtel are forming a consortium to use for a digital financial institution licence.

Each wish to cater to the wants of digital-first customers who’ve come to count on larger comfort and personalisation, and small companies that lack entry to credit score.

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