Following Bank Negara Malaysia’s previous announcement of Tan Sri Muhammad Ibrahim’s resignation as the governor, reports have confirmed that Datuk Nor Shamsiah will be appointed as the new governor of Bank Negara Malaysia and that the appointment has been approved by the Yang Di-Pertuan Agong.

The embattled Tan Sri Muhammad Ibrahim was known for his initiatives in setting up the Fintech Enablement Group and Fintech Sandbox to drive the industry in Malaysia. At this juncture it is unclear if there will be a continued focus on similar fintech initiatives under her leadership.

Fintech News Malaysia will continue to monitor initiatives and update our readers accordingly as the story develops.