iFast eyes Malaysia digital bank expansion, assembles team for bidding round

iFast Corporation chairman and chief executive Lim Chung Chun.
iFast Corporation chairman and chief executive Lim Chung Chun.PHOTO: ST FILE

SINGAPORE - When iFast Corporation chairman and chief executive Lim Chung Chun first decided to bid for a digital bank licence in Malaysia last year, he had yet to assemble the team he needed to back his application.

Bank Negara Malaysia said last December that it would "give preference to applicants whose controlling equity interest in the digital bank resides with Malaysians" when it came to awarding up to five licences.

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