Ashley Gwee, Senior Associate Legal UpdatesFebruary 7, 2020
Our Senior Associate writes on digital banking — a trend set to reshape financial services in Malaysia.
Digital banking is set to take place in Malaysia pretty soon, reshaping how financial services are designed, licensed and delivered to consumers and SMEs alike.
As regulators introduce a licensing framework for digital banks, incumbents and new entrants must navigate questions of capital, technology risk, data protection and consumer trust. The opportunity is significant — but so is the regulatory groundwork required to get there.
Our team advises fintech founders, banks and investors on the legal architecture behind these new financial products, from licensing strategy to commercial contracts and intellectual-property protection.