UOB Expands SME Accelerator Program

UOB has announced that it is bringing its business transformation program to Malaysia, following successful editions held in Singapore (2018) and Thailand(2019), the bank announced on Friday.

The three-month-long «Jom Transformation Program» run by UOB innovation accelerator The Finlab aims to help businesses in Malaysia adopt technology to drive productivity and growth.

As part of the program, they will be matched with technology partners to address their concerns and to pilot the implementation of the solution. Participants will be able to gain the skills and knowledge in areas such as business process re-engineering and digital marketing, the bank said.

Businesses will also be matched with mentors, including 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, who will be able to advise them on how to increase operational efficiency, expand and scale across Southeast Asia,

Malaysian businesses will be able to tap the combined knowledge, experience and networks of these organizations to accelerate their transformation process, Pauline Sim, co-head, The FinLab, said