Traditional banking will morph into wholesale banking in coming decades: MoneyMatch’s Naysan Munusamy

On April 29, Malaysia’s central bank, the BNM, unveiled the consortiums that were awarded digital banking licences in the country. The KAF Investment Bank-led consortium, where local remittance company MoneyMatch is a member, was one of the awardees. This consortium secured the licence under the Islamic Financial Services Act (IFSA) 2013. According to MoneyMatch Co-Founder […] The post Traditional banking will morph into wholesale banking in coming decades: MoneyMatch’s Naysan Munusamy appeared first on e27.