Boost Bank, which obtained regulatory approval from Bank Negara Malaysia and Malaysia’s Ministry of Finance to begin operations in January, aims to offer both personal and business banking services, including savings accounts and a loyalty programme.
The app also offers a range of security measures, including a cooling-off period for new device logins, a freeze account option, and a device binding feature for access control.
Moreover, the company says a “unique feature” of its new app is that it enables “embedded account opening via the Boost eWallet app”, meaning all existing “Premium Wallet” users will be able to open a Boost Bank account through the Boost eWallet app.
