KAF Digital Bank receives Malaysia's green light for public onboarding

KAF Digital Bank receives Malaysia's green light for public onboarding

KAF Digital Bank announced Thursday it has received regulatory approval from Bank Negara Malaysia (BNM) to officially onboard members of the public as customers, following the successful completion of its rigorous PERINTIS Phase. The banking services will be made available to the public effective 8th August 2025, KAF Digital Bank said in a statement on Thursday. This significant milestone paves the way for KAF Digital Bank to offer its innovativ…

KAF Digital Bank Opens to Malaysian Public on 8 August After Approval from BNM - Fintech News Malaysia

KAF Digital Bank has received approval from Bank Negara Malaysia (BNM) to begin onboarding the public following the successful completion of its PERINTIS Phase. Services will be available through the bank’s mobile app starting 8 August. During the PERINTIS Phase, the bank tested its systems, security protocols and user experience with a select group of participants. Feedback from this group helped refine the platform to ensure a smooth and secur…