Focus

GXBank and Grab Malaysia spearhead initiatives in support of KL20 Mandate

WAN AHMAD ATARMIZI
By WAN AHMAD ATARMIZI
25 Apr 2024 01:18pm
Pei-Si Lai (fourth from right) with the GXBank and Grab teams at KL20 Summit
Pei-Si Lai (fourth from right) with the GXBank and Grab teams at KL20 Summit

SHAH ALAM - GXBank and Grab Malaysia announces its strategic initiatives aimed at nurturing tech talent and fostering innovation in line with the Malaysian government's KL20 mandate.

These efforts seek to elevate Malaysia as a leading hub for digital finance and technology advancements in the region.

Less than six months since its inception, GXBank is set to establish a Regional Centre of Excellence (COE) for Shared Services in the country.

Scheduled to be operational by the end of 2024, the COE will cater to Grab-led digital banks and offer nearly 400 roles focusing on core banking activities.

Chief Executive Officer (CEO) of GXBank, Pei-Si Lai emphasised the bank's commitment to cultivating high-value skills and enhancing the digital banking industry in the region.

"Building on our current team, we aim to create a dynamic environment where talent can thrive, challenge norms, and elevate industry standards.

“With the government's support, we are poised to serve Grab-led digital banks, promoting financial inclusion and driving economic growth in the region."

In partnership with Endeavor Malaysia, top talents from Grab and GXBank will mentor local start-up entrepreneurs as part of Endeavor Malaysia's ScaleUp and TEGAS: Scale Sarawak Programme.

Related Articles:

This initiative aims to accelerate the growth of high-potential Malaysian start-ups by providing mentorship in leadership development, business expansion strategies, and leveraging innovative technology and data.

Grab Malaysia managing director, Adelene Foo highlighted Grab's commitment to giving back to the local community and supporting emerging start-ups.

She emphasised Grab's wealth of experience in addressing hyperlocal needs and navigating regulatory and technological landscapes.

“As a Malaysian homegrown company that has flourished to be the leading superapp in the region, we are cognisant of our roots and grateful for the support we received in our early days, including early funding from Cradle.

"Working with Endeavor allows us to share our knowledge and experiences to assist Malaysia'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,” she added.

gxbank
grab malaysia
tech talent
initiatives
KL20 MANDATE
Pei Si Lai
Adelene Foo
More Like This
The new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025, Tenaga Nasional Bhd said today.
The new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025, Tenaga Nasional Bhd said today.
National TNB proposes to impose higher base tariff for Peninsular Malaysia for 2025-2027
TNB said the regulatory rate of return has been maintained at 7.3 per cent as per RP3 and this would enable the utility firm to make essential investments in the industry, ensuring a continuous and reliable electricity supply to meet growing demand.
A generator room supplying electricity to the Tuanku Ja'afar Hospital here caught fire earlier this afternoon.
A generator room supplying electricity to the Tuanku Ja'afar Hospital here caught fire earlier this afternoon.
National Lorry accident causes fire at HTJ generator room
The fire was caused by a lorry, believed to be carrying construction materials, which snagged an electrical cable, causing the cable pole to collapse.
Photo for illustration purpose only. - Photo illustrated via Canva
Photo for illustration purpose only. - Photo illustrated via Canva
National Immediate reform needed in social media regulations to protect children - Syerleena
"The Internet, once celebrated as a vast repository of limitless knowledge, has become a dark and perilous space for those who seek to exploit children."
A Perodua Kelisa carrying a family of four overturned after losing control at KM212.3 of the WCE near Sitiawan. Photo: Perak Fire Department.
A Perodua Kelisa carrying a family of four overturned after losing control at KM212.3 of the WCE near Sitiawan. Photo: Perak Fire Department.
National Tragic accident on WCE claims lives of mother, toddler
By NOOR AINON MOHAMED
26 Dec 2024 07:44pm
The vehicle veered off the road and crashed into the road divider before overturning in the middle of the road, resulting in the toddler being ejected.