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      As a relatively new entrant to the financial services landscape, digital banking can be seen as either a disruption or a value contributor to the financial system. At KPMG, we see digital banking as a game changer where tremendous opportunities await the companies that are ready. 

      The successful digital bank

        The key to achieving success in digital banking in Malaysia can be seen in 3 phases:

      segment

      Understand customers need of the targeted segments

      The next level of banking experience
      segment

      Play a key role in improving financial literacy and financial inclusion

      The next level of banking experience
      segment

      To be an active platform in the economic lifecycle of the targeted group

      The next level of banking experience

      The COVID-19 pandemic has significantly altered the financial services landscape where businesses seek alternatives to safely run operations and consumers’ habits shift towards cashless transactions. This is the new reality, and an opportune time for virtual banks to thrive. 

      We can serve you in various areas

      Our professionals have a ready execution plan that can help you throughout your digital banking journey. With access to regional and global expertise in the financial services sector, we can provide the following services:

      • Conduct market feasibility study
      • Develop business strategy (covering technology advisory support) and corresponding financial projections
      • Perform partnership assessments

      • Assist in preparing application documents
      • Review submission documents
      • Discussion and responding to BNM

      • Review on the comprehensiveness of the business plan
      • Provide assurance on the pro-forma financial statements and commentary on the key assumptions of the pro-forma financial statements

      • Develop project charter including business impact and level of effort, business owners and measurable milestones/metrics
      • Core platform technology vendor management
      • Advisory services during operationalization

      We also have a committed team of specialists in strategy & partnership, regulatory and compliance, technology, operations, risk management, AML/CFT, governance & sustainability and data analytics that are ready to provide you with comprehensive advisory guidance.

      Contact us now for consultation. Discover more about KPMG’s Digital Banking Services by downloading our brochure below.

      digital banking

      Digital Banking in Malaysia

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      KPMG firms' financial services practice has been named one of the 2023 World’s Best Management Consulting Firms by Forbes

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      Connect with us

      Kevin Foo

      Partner – Head of Financial Services

      KPMG in Malaysia

      Ahmad Nasri Abdul Wahab

      Partner – Head, People & Change Advisory Services

      KPMG in Malaysia