KUALA LUMPUR, 24 September 2019 – United Overseas Bank Bhd (UOB Malaysia) today announced the 16 businesses selected to participate in The FinLab’s Jom Transform Programme, the first business transformation programme in Malaysia to help local enterprises digitalise their operations to drive growth.
The Chief Executive Officer of UOB Malaysia, Wong Kim Choong said the Jom Transform Programme is part of the Bank’s commitment to help businesses overcome their business transformation challenges for better productivity and sustainable growth.
“Having served the SME community in Malaysia for more than six decades, we have a deep understanding of the opportunities and challenges they face. In particular, as family-owned businesses transition from the first- to second-generation leadership, we see an accelerated use of technology in their business,” he said.
The 16 businesses will be subsidised by UOB Malaysia, and will also be mentored by the programme’s partners, which include the Chinese Chamber of Commerce & Industry of Kuala Lumpur & Selangor, the Malaysian Association of Tour and Travel Agents, Maxis, the Malaysia Digital Economy Corporation and SME Corporation Malaysia.
“Over the past few months, we had the privilege of meeting many business owners and we see a common desire to develop a long-term strategic roadmap for business transformation, with digital adoption central to their plans,” said Pauline Sim, the Co-Head of The FinLab.
During the three-month Jom Transform Programme, the owners and key decision makers of the 16 businesses will be matched with technology partners to pilot and to assess the effectiveness of their digital solutions.
Upon completing the Jom Transform Programme, the businesses will share their outcomes and learning with the public at a ‘Showcase Day’.