Bank Negara Malaysia Launches RENTAS+ for 24/7 Interbank Settlements
Bank Negara Malaysia (BNM) has officially launched RENTAS+, an upgraded version of its Real-Time Electronic Transfer of Funds and Securities System (RENTAS). The new platform enables round-the-clock interbank fund transfers and settlements, operating 24 hours a day, 7 days a week, all year round. This makes RENTAS+ the first real-time gross settlement (RTGS) system in […]
New BNM Rule: Financial Education Required for Personal Loans Above RM100,000
Bank Negara Malaysia (BNM) has introduced a new requirement: consumers applying for personal financing above RM100,000 must complete a financial education module before approval. New Policy: Financial Education for High-Value Loans Why Is This Important? This measure is significant because: Who Will Be Affected What Borrowers Should Do Leap Concept’s View At Leap Concept, we […]