Over the past few months, headlines around Malaysia’s digital banks have taken on a darker tone. Leadership transitions, rising costs, and early-stage losses have been stitched together into a narrative that suggests something is “wrong”. That the digital banking experiment may be faltering, or worse, proving to be little more than a gimmick. That reading is understandable but also incomplete. What we are witnessing today is not failure, but transition. It is indeed the natural progression of a new sector moving from ambition to execution, from promise to permanence. Malaysia’s digital banks are still young. The early years were always…