UOB Malaysia launches business transformation programme for tech adoption

United Overseas Bank (Malaysia) has launched a scheme, called Jom Transform Programme, to help businesses in Malaysia adopt technology to drive productivity and growth (where Jom is a colloquial term for ‘let’s go’ in Bahasa Malaysia).

During the three-month duration, participating businesses will attend a series of workshops conducted by technology solution providers and strategic partners to gain skills and know-how in specific areas of digital transformation such as business process re-engineering and digital marketing.

They will also be matched with specially-chosen technology partners to pilot relevant solutions as well as will receive guidance to assess the effectiveness of these solutions.

Wong Kim Choong, Chief Executive Officer, UOB Malaysia, said the Jom Transform Programme reaffirms the Bank’s commitment to help Malaysian businesses digitalise their businesses for continued growth. "To help these businesses grow further, we will also support them in their expansion both at home and across the region through UOB’s established and integrated network."

The initiative is run by The FinLab, an innovation accelerator under United Overseas Bank Limited, and the first such programme was launched in Singapore in 2018.

Further, UOB Malaysia will be working with five partners from across the private and public sectors:

• Chinese Chamber of Commerce & Industry of Kuala Lumpur & Selangor (KLSCCCI)
• Malaysian Association of Tour and Travel Agents (MATTA)
• Maxis
• Malaysia Digital Economy Corporation (MDEC)
• SME Corporation Malaysia (SME Corp. Malaysia).

These partners will provide mentorship and expertise to participating businesses, as well as organise events with UOB Malaysia and The FinLab to promote digitalisation among Malaysian businesses.

Pauline Sim, Co-Head, The FinLab, said that the strategic partnerships will greatly enrich the Jom Transformation Programme.

"With the support of like-minded partners from government agencies, industry associations and leading private companies, Malaysian businesses will be able to tap the combined knowledge, experience and networks of these organisations to accelerate their transformation process," she said.