PETALING JAYA, Aug 2 — The transformation of digital banks in Malaysia must be expedited to avoid Malaysia lagging behind its regional peers.
Prime Minister Datuk Seri Anwar Ibrahim noted that regionally, Malaysia is not the earliest to launch digital banks and is behind in several aspects.
He emphasised that the government, through the Investment, Trade, and Industry Ministry, Communications Ministry and Digital Ministry, has made moves to ensure digital banks are no longer hampered by lengthy regulations.
“The challenge for GXBank and other digital banks is in implementing changes swiftly and efficiently.
“Nonetheless, I am confident tat the entire GXBank family will rise to this challenge,” he said during the launch of the GXBank headquarters and the GXBank Centre of Excellence today.
Anwar stressed that digital banks must prioritise the people’s interests to remain sustainable, and raise the people’s awareness and understanding of digital banks.
“If the economy does not serve the people, it is not sustainable,” he said.
Anwar added that the country’s growth figures, investment levels, and control of inflation and unemployment have been impressive, positioning Malaysia as a highly competitive nation.
— Bernama
