The two new digital banks are Boost Bank and AEON Bank. (Image by Shutterstock).
• Two new digital banks are to start operating in Malaysia.
• Boost Bank and AEON Bank offer different propositions with similar goals.
• Both new digital banks are hoping to bring banking services to the currently unbanked.
Another two digital banks have been given the green light to start operating by the central bank of Malaysia, Bank Negara. The two banks are Boost Bank – a joint venture between fintech company Boost and RHB Banking Group – and AEON Bank, which is a subsidiary of AEON Financial Service.
While there were a total of five…
