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.
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