Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development, inked a Memorandum of Understanding (MoU) with Telekom Malaysia Berhad (TM) and Commerce.Asia respectively on 30 April 2019. The primary aim of the partnership is to create a digital ecosystem for SMEs, especially for micro and small enterprises to get access to financing.
TM’s digital infrastructure and services such as high-speed Internet, data centre and cloud computing will serve as the enabler for SME Bank to facilitate the provision of digital solutions which cater to the financing needs of SMEs.
Apart from being a technology partner to SME Bank’s digital economy blueprint, TM will also contribute its in-house talents, i.e. data specialists and program architects to guide SME entrepreneurs in their journey towards digitalisation.
In its efforts to encourage speedy and high adoption of digital technologies, TM is also offering attractive total communications solutions for SME entrepreneurs to enable them to embrace seamless connectivity and explore a bigger market for more opportunities.
Commenting on the collaboration, Moharmustaqeem Mohammed, Acting Executive Vice President, unifi
, said, “TM is extremely excited to be part of the National SME Digital Platform development journey. The opportunity to assist and equip the thousands of new nano and micro businesses and eventually grow with them has long been our aspiration.
“As SMEs continue to drive the country’s economy, our digital solutions would enable businesses to scale their operations and catalyse growth. This project is aligned with our mission as an enabler of Malaysia’s digital nation aspiration”.
unifi currently offers unifi Biz
plans from 10Mbps to 30Mbps and 100Mbps, designed to bring more value to SMEs and help them take the first step in their digital transformation journey.
The collaboration with Commerce.Asia on the other hand will provide SME Bank access to Commerce.Asia’s database of over 700,000 SMEs in Malaysia and a comprehensive ecosystem of e-commerce enabling technologies. This will complete the first phase of the digital platform creation whereby Artificial Intelligence (AI) will be used to analyse the performance and readiness of the SMEs and develop an action plan to further assist them to spur their growth.
Aria Putera Ismail, Group President/Chief Executive Officer of SME Bank said, “The SME digital platform is a comprehensive effort and also a solution for us to become the leader in the SME ecosystem. It complements the wave of Industrial Revolution 4.0, and will give us the capabilities to make data-driven decisions and better manage our portfolio.”
He added, “We want to be the game changer in developing the SMEs. The SME digital platform will definitely revolutionise the way SME entrepreneurs are being supported and developed. This initiative is expected to transform the dynamics of SME contributions towards the nation’s economy.”
Through the collective efforts of SME Bank and industry players like TM and Commerce.Asia, more underserved and unserved SME entrepreneurs stand to gain plenty of benefits. Providing the right financing to targeted SMEs will lead to greater opportunities for the entrepreneurs, fortifying them and placing them in a stronger position to compete locally as well as globally.
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