Malaysia’s SMEs to be mentored in digital transformation
Sixteen Malaysian small- and medium-sized enterprises (SMEs) have been selected to participate in Singapore-based The FinLab’s JOM Transform Programme, subsidised by United Overseas Bank Malaysia (UOB Malaysia).
FinLab, Singapore’s first corporate FinTech accelerator, is a joint venture between China-based UOB and SG Innovate (SGI). (Photo: FinLab)Kuala Lumpur (VNA) – Sixteen Malaysian small- and medium-sized enterprises (SMEs) have been selected to participate in Singapore-based The FinLab’s JOM Transform Programme, subsidised by United Overseas Bank Malaysia (UOB Malaysia).
The selected businesses, involved in a wide range of sectors from food manufacturing to automotive, started taking part in the programme’s activities on September 24.
During the three-month JOM Transform Programme, the owners and key decision makers of the 16 SMEs will be provided with neccessary skills and know-how in specific areas of digital transformation, such as digital marketing. They will also be matched with technology partners to pilot and assess the effectiveness of their digital solutions.
Upon completing the programme, the businesses will share their outcomes and learnings with the public at a “Showcase Day”.
The programme aims to help Malaysian businesses better harness technology to drive business growth and to prepare for the future, said UOB Malaysia’s chief executive officer Wong Kim Choong. It is part of the bank’s commitment to help the businesses overcome their business transformation challenges for better productivity and sustainable growth, he added.
FinLab, Singapore’s first corporate FinTech accelerator, is a joint venture between China-based UOB and SG Innovate (SGI). It started operating in Singapore and Thailand in 2018.
The FinLab and UOB Malaysia on September 14 launched the JOM Transform Programme for SMEs in Malaysia, which is conducted in partnership with five organisations from both the public and private sectors, namely Chinese Chamber of Commerce & Industry of Kuala Lumpur & Selangor (KLSCCCI), Malaysian Association of Tour and Travel Agents (MATTA), Maxis Bhd, Malaysia Digital Economy Corp (MDEC) and SME Corp Malaysia. These organisations will provide mentorship and co-organise events./.
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