MALAYSIA, July 1 (Bernama) —iFAST Corporation Ltd. (“iFAST Corp” or together with its subsidiaries,the “Group”) has led a consortium in the submission of an application for a digital bank licence to Bank Negara Malaysia (BNM).
The iFAST-led digital bank (“iFAST Bank”) consortium is a synergistic partnership that builds on the strengths of both local companies in Malaysia as well as international players. iFAST Corp will own a 40% stake in the digital bank if the application is successful. The beneficial equity ownership of the consortium will be approximately 57% Malaysian.
- Slovenia Pledges Additional Four Million Euros To Support UNRWA
- Recalcitrant Netanyahu Declares “Decisive Stage” In Gaza War As Reservists Protest New Offensive
- Iraq Reopens Historic Al-Nuri Mosque After Daesh Destruction
- Egypt Condemns Israel’s Continued Military Offensives In Gaza; Death Toll: 63,557 Palestinians
- Zanzibar, Qatar sign 25tri/- deal for key projects
- 13 Killed, 31 Injured In Blast In SW Pakistan
- U.S. Federal Judge Rules Trump’s Deployment Of Troops To Los Angeles Illegal
- Car Bomb Attack Targeted Military HQ In W. Libya
- Iranian Security Official Says Path For Talks With U.S. Not Closed
- Venezuela Ready For U.S. “Any Attack,” Says Defence Chief