Digital banks face trust challenges

Quick Summary:

Cuatomers of GX Bank Bhd (GXBank) who were attracted to its high deposit rates and cashbacks when the service launched in November 2023 learned the hard way that good things don't last forever.

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Article Details

Author / Journalist: DOREENN LEONG

Category: EconomyBusiness

Markets: Malaysia

Topics: SMEFinancing /Business/Business News SavingsCut TrustChallenge DigitalBanking Star Biz7 FintechMalaysia CustomerRetention BankingInnovation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 00:00:00 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 104 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28046421

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 7 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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