KUALA LUMPUR (April 23): Pertama Digital Bhd (formerly Sinotop Holdings Bhd) is currently in advanced joint venture (JV) talks to pursue a digital banking license from Bank Negara Malaysia (BNM).
In a statement today, the group’s strategy director Saify Akhtar said the company is motivated by and aligned with the financial inclusion emphasis in the licensing framework for digital banks published by BNM in December 2020.
“Pertama Digital is leading a consortium of innovators and veterans, bringing to market a homegrown solution, purpose built for those Malaysians that need us most. We have been hard at work coordinating capital, talent, technology and a captive market and are proud to announce that we have a uniquely sustainable banking model that exceeds the requirements laid out in the framework.
“We look forward to delivering ethical financial products to underserved Malaysians and contributing to our post-pandemic recovery as a nation,” said Saify.
He said the group has scheduled joint announcements with a digital banking consortium and collaborative partners, which will follow shortly.
At noon break, Pertama Digital’s shares were unchanged at 39 sen, valuing the group at RM166.9 million.
Subscribe to Mid-day email alert
We deliver news to your inbox daily
Featured Videos
