GXBank And Grab Announce Plans To Support KL20 Mandate
GXBank And Grab Announce Plans To Support KL20 Mandate
Malaysia’s digital landscape receives a significant boost as GXBank and Grab join hands to elevate the nation’s tech talent pool in alignment with the KL20 mandate. KL20 is the government’s initiative to make Kuala Lumpur a top 20 global startup hub by 2030.
Less than six months since its inception, GXBank is set to establish a Regional Centre of Excellence (COE) for Shared Services in Malaysia, which is expected to commence operations by the end of 2024. The COE aims to cater to Grab-led digital banks and provide financial and operational services across the region, with plans to create nearly 400 roles focusing on core banking activities – here, COE forms a crucial part of GXBank’s RM1.5 billion investment into Malaysia over the next five years.
Pei-Si Lai, CEO of GXBank, highlights the COE’s significance in the bank’s long-term strategy to not only become Malaysia’s preferred digital bank but also to cultivate high-value skills that will enhance the region’s digital banking industry. “We are eager to answer the government’s call to action; with their support, we are well positioned to serve Grab-led digital banks in the region,” she stated.
As part of KL20’s emphasis on nurturing talent in the technology sector, professionals from Grab and GXBank will collaborate with Endeavor Malaysia to mentor select local entrepreneurs with positive prospects. Through programs like Endeavor Malaysia’s ScaleUp and TEGAS: Scale Sarawak Programme, these experts will guide startup entrepreneurs in honing leadership skills, devising business expansion strategies, and harnessing innovative technology and data to accelerate growth.
“Working with Endeavor gives us the meaningful opportunity to give back, sharing our knowledge and experiences to assist our country’s burgeoning start-ups in realising their full potential. With physical presence regionally and global R&D centres, we bring a wealth of experience in identifying and addressing hyperlocal needs whilst navigating various regulatory, socio-economic and technological terrains,” said Adelene Foo, Managing Director of Grab Malaysia.
Talents can follow GXBank’s LinkedIn page to learn more about upcoming openings and potentially be a part of the driving force behind the technological transformation of the banking sector. Startups can click here to learn more about Endeavor Malaysia’s upcoming ScaleUp Programme Cohort 5 and TEGAS: Scale Sarawak Pilot Programme.
Pokdepinion: A welcoming startup environment should be beneficial to the country’s overall economy in the long run.
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