Tagged: online banks

Many More Americans Now Consider a Digital Bank to be their Primary Account, Financial Literacy Specialist Reveals

December 20, 2020 @ 9:42 pm By Omar Faridi |

Katana Dumont, who writes about personal finance and financial literacy topics, notes in blog post published by Chime Financial Inc., a US-based banking challenger valued at around $14.5 billion, that modern technology is shaking up or disrupting the finance industry in a major way. She… Read More

Bank Negara, Malaysia’s Central Bank, Is Reportedly Planning to Issue Five Operational Licenses to Digital Banks

December 30, 2019 @ 2:15 pm By Omar Faridi |

Bank Negara Malaysia is reportedly planning to issue up to five operational licenses to qualified or eligible applicants in order to launch digital banks to perform either regular or Islamic banking business in the country. Malaysia’s central bank has issued the exposure draft on Licensing… Read More