HSBC Malaysia inks first MoU with MDEC to drive digital leap for businesses in Malaysia

HSBC Malaysia and the Malaysia Digital Economy Corporation (MDEC) have signed a memorandum of understanding (MoU) focused on enhancing the adoption of technology among small-and-medium-enterprises (SMEs), large local corporates and multinational companies in the country. The signing which marks the first MoU between both organisations, highlights the critical role of public-private partnerships in mitigating the adverse effects of Covid-19 on businesses in Malaysia by encouraging companies to embrace digitilisation.

Under the terms of the MoU, HSBC Malaysia will work jointly with MDEC to educate SMEs, large local corporates and multinational companies in the country to leverage technology to strengthen their businesses and facilitate greater convenience in their day-to-day transactions. To achieve this, HSBC Malaysia and MDEC will collaborate on tailored marketing efforts and knowledge sharing initiatives. This will include the promotion and execution of events such as seminars, conferences and webinars.

Stuart Milne, CEO, HSBC Malaysia said, “Covid-19 has intensified the need for businesses of all sizes to incorporate innovative digital solutions and strategies into their daily operations. HSBC’s partnership with MDEC will have far-reaching benefits for SMEs, large local corporates and multinational companies in the country as it will help to create opportunities in times of adversity through the effective adoption of technology. Built on our shared commitment to enable the economy’s digital transformation, together with MDEC, we aim to amplify the integration of technology and fuel business growth in Malaysia”.