The consortium also includes Yillion Fintech, an arm of Yillion Bank, one of the four digital banks in China founded by Zonfar Financial Holding and Hong Kong-listed Meituan Dianping.
iFast Corporation announced on June 30 that it has submitted an application for a digital bank licence from Bank Negara Malaysia (BNM).
iFast Corp leads a consortium comprising three Malaysian partners - Koperasi Angkatan Tentera Malaysia, the cooperative organisation for Malaysian military personnel; THZ Alliance, an investment firm founded by Tengku Dato’ Dr Hishammuddin Zaizi; and Lee Thiam Wah, founder and major shareholder of mini-mart chain 99 Speed Mart.
