The Board of Directors of REVENUE wishes to announce that SSG Digital Resources Berhad, a special purpose vehicle for a consortium (“Consortium”) comprising the Sarawak State, Kenanga and REVENUE confirms that it had, on 29 June 2021, submitted its application for a digital banking licence from Bank Negara Malaysia, pursuant to the Licensing Framework for Digital Banks and Application Procedures for New Licences under the Financial Services Act 2013 issued by Bank Negara Malaysia.
The Consortium, which benefits from the complementary strengths of its three strategic partners, aims to improve and transform the lives of underserved and unserved Malaysians, including individuals and micro/ small/ medium businesses, through transparent and affordable digital banking solutions.
This announcement is dated 2 August 2021.