Despite losing out on a digital banking licence in Singapore, financial services company iFAST will be throwing its name into the ring for a similar framework in Malaysia.

iFAST has been studying the matter and will be submitting an application for a digital banking licence there, says CEO Lim Chung Chun in a virtual briefing on Feb 8.

“We expect that we will be bidding for it as well… I think further details can only be provided in the quarters ahead,” says Lim. 

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