Digital Banking vs Traditional Banking
The current traditional banks are seeing that digital banks are a threat. These banks are trying to offer similar online services but these are based on an archaic banking model. These can’t simply can’t compete in terms of pricing, functionality, scalability or added value features.
More than 20 companies including banks have applied for Malaysia’s digital banking license. It is going to be an exciting time for the banking sector. Find out what a digital bank is and how it is different from the current banks and why it’s going to disrupt the banking industry.
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