Digital banking collaboration

RHB Banking Group managing director and group chief executive officer Datuk Khairussaleh Ramli (pic) said the collaboration will unlock synergistic opportunities to benefit underserved retail customers and micro-small and medium enterprises (SMEs) that fall outside the normal focus of traditional banks.

PETALING JAYA: Axiata Group Bhd and RHB Banking Group will be forming a consortium to apply for a digital banking licence from Bank Negara with the aim of accelerating their digital growth strategies.

During a joint virtual press conference yesterday, the parties announced that Axiata’s subsidiary, Boost Holdings Sdn Bhd, has signed a heads of agreement with RHB Banking Group to form the consortium.