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Ledger & Signal

Tech and finance for Malaysia — financial literacy without the product pitch, and technology coverage that says whether it matters.

Investing & Markets

Bursa, unit trusts, ETFs, and what the numbers mean before you buy.

Investing & Markets

Malaysia has five digital banks. Only two are behaving like banks

Three years after the licences were awarded, the divergence in strategy is now visible in the deposit numbers.

Abstract gradient standing in for a photograph on "Malaysia has five digital banks. Only two are behaving like banks"
Illustration: generated for demonstration

The licences were granted on the promise of serving the underbanked. The published figures suggest two of the five are pursuing that mandate and the rest are competing for deposits that were never underserved. [demo]

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