THE Grab-Singtel consortium, which secured one of Singapore's | InvestKaki

THE Grab-Singtel consortium, which secured one of Singapore's first digital bank licences in 2020, is seen as a frontrunner to win a similar licence in Malaysia, according to analysts from Affin Hwang Investment Bank and RAM Ratings.
They also foresee the RHB Bank- Axiata Group and Aeon Credit-Aeon Financial Group consortiums as among the likely awardees.
A total of 29 consortiums submitted applications to Bank Negara in June 2020 to compete for 5 digital banking licences, which are expected to be awarded as soon as this week.
There is talk that the announcement could be made in conjunction with the publication of the central bank's annual report