GX Bank chairman Zaiton Hassan said the digital bank, operating since November 2023, has achieved more than 13 million transactions collectively through GX cards and quick-response (QR) code scans.
“This growth marks the Malaysian choice towards the digitalisation of banking services in this era and their trust in digital banking,” she said during the launch ceremony of the GX Bank Headquarters and GX Bank Centre of Excellence.
Developed by Grab Holdings Ltd, GX Bank is expected to identify and develop new talent in the digital financial sector through a RM1.5 billion investment in the next five years.
“This investment includes the launch of the “GX For All” initiative, thus strengthening Malaysia’s position in the digital banking landscape.
“The “GX For All” initiative aims to nurture local technology talent and develop core competencies, industry best practices and innovative solutions,” she added.
Zaiton said the initiative would leverage the latest technology to offer financial access and sustainable solutions for those who are marginalised or having difficulty accessing services.
“Among the expertise and solutions targeted are artificial intelligence-based solutions for risk and fraud management, and personal and micro, small and medium enterprise lending solutions,” she said.
Zaiton stated that this initiative is proof of GXBank’s continued commitment to supporting the country’s development and fulfilling the KL20 vision of becoming one of the top 20 global start-up hubs.
“In addition, “GX For All” will encourage entrepreneurship and provide opportunities for exploring technology-based solutions for future digital financial needs,” she said.
Zaiton said with the support of a talented workforce, with Malaysians comprising more than 95%, GX Bank will move forward in addressing the real financial needs of every Malaysian.
In that regard, she said GX Bank is working with local universities and has offered the “Persistent Dream Scholarship” to nurture local talent, with more concerted efforts to be announced in the coming months.