Entry into Malaysia’s digital banking business
First written in FY2023-Q3. 2 of 3 entries say "Advanced", first in FY2025-Q1. Latest entry: FY2025.
1 other company's latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The digital bank AEON BANK (M) BERHAD, which began operations in May, is expanding its services, including the launch of its personal loan, Personal Financing-i, from March 2025.」
Malaysia's digital banking business progressed from its launch in May 2024 to the provision of personal loans. - FY2025-Q1AdvancedAnnual report
「In Malaysia, AEON BANK (M) BERHAD, a digital bank offering products and services based on Islamic finance, began operations in May 2024 and introduced a smartphone app for deposits, debit cards and QR code payments.」
Malaysia's digital banking business progressed with the launch of AEON BANK (M) BERHAD and the introduction of deposits, debit cards and QR code payments. - FY2023-Q3First statedAnnual report
「AEON Financial Service Co., Ltd. and its subsidiary AEON CREDIT SERVICE (M) BERHAD obtained Malaysia's first digital banking license in April. They will expand their customer base ahead of launching the digital banking business in 2023 and diversify financial services, including deposits, insurance and small-value loans, tailored to individual customer needs. By combining these services with the latest technologies, including AI-based data analysis from MoneyLion Inc., a fintech company operating a digital financial platform in the United States, they will first build a business model in Malaysia, where financial inclusion among low- and middle-income groups is a social issue, and aim to transform the business and expand its operations with a view to eventually expanding across ASEAN.」
The company obtained Malaysia's first digital banking license and plans to launch operations in 2023, combining deposits, insurance, small-value loans and MoneyLion's AI analysis in a financial inclusion-focused business.