Hong Kong-Based Investment Banking Firm AMTD Seeks Malaysian Digital Banking Licence
Author Avatar
AMTD

(Image: Imaginechina)

Hong Kong-based investment banking firm AMTD has revealed that they are seeking a digital banking licence in Malaysia. ATMD was established by CK Hutchinson Group, which was founded by Hong Kong business tycoon Li Ka-shing.

AMTD is also bidding for a digital banking licence in Singapore, alongside other contenders like Xiaomi, SP Group, and Funding Societies. In May 2019, AMTD was one of eight successful applicants for the virtual banking licence in Hong Kong.

AMTD_Calvin-Choi

According to Calvin Choi, CEO of AMTD, the group is looking to spin off a fintech unit which provides a suite of services including virtual banking, insurance broking, digital asset exchange, and payment systems under AMTD Digital. Choi said that AMTD’s goal is to build a comprehensive suite of financial services that are enabled by the right digital licences, as opposed to looking into any one country on a singular basis.

ATMD’s decision to bid for a digital banking licence in Malaysia will pit it against other players like Axiata Group’s Boost and gaming firm Razer, which have both openly declared their interest in the Malaysian licence.

(Source: FintechNews Malaysia)

0 0 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of

0 Comments
Inline Feedbacks
View all comments
Top Bank News Articles
Post Image
Malaysian Banks And Local Institutions Offer Financial Assistance For Customers Affected By Covid-19
Alex Cheong Pui Yin
- 1st April 2020
(Last update: 1 April 2020, 3.40pm to include FAQs by banks.) With Malaysia going into an extended period […]
Post Image
Loan Repayment Assistance Under PEMERKASA+ Is Available For Everyone
The RinggitPlus Team
- 15th June 2021
The latest spike in Covid-19 cases has led to the declaration of a third movement control order and […]
Post Image
CIMB: Touch ‘n Go eWallet Sees Healthy Volumes For Essential Services And Online Transactions
Alex Cheong Pui Yin
- 13th April 2020
CIMB Group Holdings Bhd, which owns Touch’n Go Sdn Bhd (TNGSB), has reported a continuation of healthy volumes […]
Post Image
Public Bank Extended Moratorium: Flexible Arrangements To Reduce Loan Instalments Until End-2021
Jacie Tan
- 7th August 2020
Public Bank has released the details of its Covid-19 assistance for those who will still be in financial […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image