Malaysia was insulated from climate change and its effects until the last couple of decades when devastating floods ravaged the country. Malaysia has committed to net zero as early as 2050, but this resolve must be supported by corresponding determination from the financial sector to channel resources to the green transition.
Banking has gone digital. At last count, roughly 203 million consumers currently use some form of digital banking in the United States alone, up from 196.8 million in 2021. That number is projected to grow over the next three years to a total of 216.8 million. Because of this and the accelerated pace of technological innovation, banks, credit unions, and other financial institutions require a digital presence more than ever before — and not just an informational website about your available financial products and services.