News & Reviews:   digital banking

As digital banking improves, more local banks start using new ways to connect with customers. Maybank is among the earliest, with all transaction approvals and notifications sent only through the MAE app. Now CIMB is doing the same with its CIMB OCTO app.

What is a digital bank and how does it differ from regular ones? Read on for some details on what you need to know about digital banks.

Digital banking is something Malaysia is looking into and many companies are hoping to get the licence to operate one in Malaysia. Thus far, the companies that are interested seem to include Grab, Razer, AirAsia, Axiata, CIMB, Ant Financial, and possibly Maybank.