PETALING JAYA: Star Media Group Bhd
(SMG) and Paramount Corp Bhd have jointly applied for a digital banking licence from Bank Negara as part of a five-member consortium with the aim of accelerating their digital growth strategies.
In a filing with Bursa Malaysia, SMG said the consortium has submitted the digital banking application to the central bank yesterday.
The other members of the consortium are RCE Capital, a financial services company and a subsidiary of Amcorp Group Bhd, Prosper Palm Oil Mill Sdn Bhd, and a technology partner.SMG chief executive officer (CEO) Alex Yeow said: “The venture into digital banking is in line with its digital transformation strategy and is synergistic with our continuous efforts to grow within the digital sphere.
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