Paramount Corp and Star Media Group apply for digital banking licence

Paramount Corp's Group CEO Jeffrey Chew

KUALA LUMPUR: Paramount Corp Bhd and Star Media Group Bhd (SMG) 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.

“Paramount had earlier mentioned that it was looking at the feasibility of applying for a digital bank licence. We wish to confirm that we made an application as a lead applicant of a consortium to Bank Negara on June 30, 2021," said Paramount Group Chief Executive Officer (CEO) Jeffrey Chew in a statement.