Five Digital Banks Now Operational, With RM3.1 Bln In Deposits As At Sept 2025 - MoF

KUALA LUMPUR, Dec 2 (Bernama) -- Five digital banks have commenced operations, recording total deposits of RM3.1 billion as at September 2025, according to the Ministry of Finance (MoF).

Budget 2026: Digital Banks Hope Targeted Subsidies, Cash Aid Channelled Via Their Platforms 

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 8 (Bernama) – Digital banks are urging the government to prioritise the distribution of targeted subsidies and cash aid in Budget 2026 through digital banking platforms, highlighting their potential to deliver a more equitable and efficient system.

GXBank Launches Jaguh Niaga To Boost 10,000 MSMEs

KUALA LUMPUR, Sept 18 (Bernama) -- GX Bank Bhd aims to empower 10,000 micro, small and medium enterprises (MSMEs) through its Jaguh Niaga initiative.

GX Bank Strengthens Role In Serving Underserved, Eyes Micro Merchant Segment

KUALA LUMPUR, Aug 8 (Bernama) -- GX Bank Bhd is strengthening its role in advancing financial inclusion, with around 60 per cent of its customer base comprising underserved segments, including individuals from the bottom 40 per cent (B40) income bracket and 10 per cent from the gig economy.

OPR Cut Can Address Household Debt Service Ratio, Provides Reprieve In Disposable Income -- GX Bank

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, July 14 (Bernama) -- GX Bank Bhd said the overnight policy rate (OPR) cut to 2.75 per cent from three per cent could potentially address the household debt service ratio while providing a reprieve in disposable income.

Malaysian Fraud Prevention In Focus As Provenir Leads Panel On Digital Authentication 

KUALA LUMPUR, June 16 (Bernama) -- Malaysia has recorded RM54.02 billion in losses due to financial scams, highlighting the urgent need for more robust fraud prevention measures as financial crimes become increasingly sophisticated.

Grab Malaysia, MDEC Ink MoU To Boost MSME Digitalisation

KUALA LUMPUR, March 26 (Bernama) -- Grab Malaysia has signed a memorandum of understanding (MoU) with the Malaysia Digital Economy Corporation (MDEC) to support the digitalisation of micro, small and medium enterprises (MSMEs) under MDEC’s Business Digitalisation Initiative.

ABM Welcomes GX Bank, Boost Bank As New Members

KUALA LUMPUR, Nov 4 (Bernama) -- The Association of Banks in Malaysia (ABM) has announced the addition of GX Bank Bhd and Boost Bank Bhd as new members, marking a pivotal moment in Malaysia’s banking industry.