SMG teams up with Paramount for digital banking

SMG chief executive officer (CEO) Alex Yeow (File pic) 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."

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.