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StanChart keen on virtual banking licences across its markets

Adeline Paul Raj
Adeline Paul Raj12/6/2019 06:30 AM GMT+08  • 4 min read
StanChart keen on virtual banking licences across its markets
(Dec 9): The Standard Chartered group has signalled its interest in pursuing a virtual banking licence in Malaysia if the central bank issues such licences.
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(Dec 9): The Standard Chartered group has signalled its interest in pursuing a virtual banking licence in Malaysia if the central bank issues such licences.

“If there’s a concept of a separate virtual licence that has some separate opportunities and obligations, absolutely, we will look at that,” CEO Bill Winters tells The Edge Malaysia in an interview.

A few months back, Bank Negara Malaysia said it expects its virtual banking framework to be ready for public consultation by year-end. It is anticipated that applications for licences will open by 1H2020.

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