Since Bank Negara gave out five digital bank licenses on April 2022, finally all 5 digital banks are all up and running now.
GX Bank, backed by its experienced shareholders, won the race to become Malaysia's first ever pure digital bank in Sep 2023, followed by Boost Bank in Jan 2024 and AEON Bank in May 2024.
KAF Digital Bank & Ryt Bank just recently joined the ranks in Aug 2025.
AEON Bank and KAF Digital Bank are Islamic digital banks while the others are not.
Lets see who are behind all these 5 digital banks.
