MyMy, which aims to Become Shariah-Compliant Digital Bank, Partners Sukaniaga to Apply for Malaysian Virtual Bank License
MyMy, which aims to become the world’s first Shariah-compliant digital bank, and digital loan platform
Sukaniaga Sdn Bhd recently confirmed their partnership which focuses on establishing a virtual banking consortium. They’re also planning to apply for one of the five digital banking licenses that will be provided in 2022 by Bank Negara Malaysia (BNM), the nation’s central bank.
MyMy and Sukaniaga Sdn Bhd noted that their collaboration should be able to cover most of the requirements outlined by the Bank Negara Malaysia. However, they’re currently considering one more partner to further strengthen their application for a virtual bank license in the Southeast Asian country.