Latest news with #NationalEntrepreneurshipFramework
Borneo Post
5 days ago
- Business
- Borneo Post
SME Bank, BSN ink MoU to strengthen entrepreneurial landscape
Hamdan (left) and Mujibburrahman hold up the signed MoU at the ceremony. KUALA LUMPUR (June 17): Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) and Bank Simpanan Nasional (BSN) have signed a memorandum of understanding (MoU) to strengthen the entrepreneurial landscape in Malaysia, particularly among homegrown micro, small, and medium enterprises (MSMEs). This strategic alliance, aligned with the Madani Economic Framework and the National Entrepreneurship Framework (NEF), aims to accelerate the growth of local entrepreneurs by enhancing access to financing, expanding capacity-building efforts, and bolstering digital enablement. It also underscores the vital role Development Financial Institutions (DFIs) play in national economic development. 'We are committed to fostering inclusive and sustainable national growth by forging strategic partnerships that improve SME access to innovative digital solutions,' said SME Bank acting group president and chief executive officer Datuk Dr Mohammad Hardee Ibrahim in a statement. 'With BSN's extensive microfinance customer base and SME Bank's robust digital tools, including our ScoreXcess platform operated by CEDAR, we are enabling a stronger support ecosystem for MSMEs.' ScoreXcess, a one-stop digital business financing application portal, is one of several digital platforms under SME Bank's transformation journey. Alongside tools like ELSA and ODELA, these platforms have supported nearly 5,000 SMEs between 2021 and 2024. The collaboration has already facilitated 89 financing applications via ScoreXcess, amounting to RM3.2 million in financing requests. Mohammad Hardee added that SME Bank remains committed to supporting SMEs throughout their business lifecycle, including BSN's microfinance clients as they scale up. 'Our support goes beyond financing. From the SME Technology Transformation Fund (STTF) to the Pembiayaan Ekosistem Payung and Bank Negara Malaysia's High Tech & Green Facility (HTG), we're helping businesses innovate, build resilience, and grow sustainably,' he noted. The MoU exchange took place during Karnival BSN Mikro Madani – Zon Pantai Timur, with SME Bank acting chief corporate strategy officer Hamdan Mohd Habibollah and BSN deputy chief executive Mujibburrahman Abd Rashid representing their respective institutions. BSN Mohammad Hardee Ibrahim SME Bank
Barnama
6 days ago
- Business
- Barnama
SME Bank And BSN Forge Strategic Partnership To Spark Innovative Growth For Malaysian Entrepreneurs
KUALA LUMPUR, June 16 (Bernama) -- Small Medium Enterprise Development Bank Malaysia Berhad ('SME Bank') and Bank Simpanan Nasional ('BSN') have entered a strategic partnership through a Memorandum of Understanding ('MoU') to empower Malaysia's homegrown entrepreneurs. Aligned with the MADANI economic framework and the National Entrepreneurship Framework ('NEF'), this collaboration aims to catapult the growth of entrepreneurs through improved financial access, capacity building and digital enablement—reinforcing the role of Development Financial Institutions ('DFIs') in nation-building. Datuk Dr Mohammad Hardee Ibrahim, Acting Group President/Chief Executive Officer of SME Bank, said 'Reaffirming our developmental mandate, we are committed to fostering inclusive and sustainable national growth by forging strategic partnerships that enhance access for SMEs to embrace innovative digital solutions. Central to this collaboration, BSN's extensive pool of microfinance customers can leverage SME Bank's robust suite of digital tools tailored for MSME development. In particular, is through our ScoreXcess, a one-stop business financing application portal for small and micro financing operated by our capacity building and training arm – Centre for Entrepreneur Development and Research ('CEDAR'). By leveraging our combined expertise, this partnership signifies a strategic collaboration between two DFIs, reflecting our shared commitment to accelerate entrepreneurial growth and deliver tailored support that addresses the dynamic needs of today.'
New Straits Times
6 days ago
- Business
- New Straits Times
SME Bank, BSN join forces to boost local entrepreneurs
KUALA LUMPUR: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) and Bank Simpanan Nasional (BSN) have joined forces to support the growth of homegrown entrepreneurs. The collaboration aims to enhance access to financing, build capacity and promote digital adoption, strengthening the role of development financial institutions (DFIs) in nation-building. In a statement, SME Bank said the initiative aligns with the National Entrepreneurship Framework under the Madani Economy. Acting group president and chief executive officer Datuk Dr Mohammad Hardee Ibrahim said the bank is committed to fostering inclusive and sustainable national growth. He said the commitment is achieved by forging strategic partnerships that enhance access for SMEs, enabling them to embrace innovative digital solutions. He said the key part of the partnership is that BSN's large group of microfinance customers will be able to use SME Bank's range of digital tools, designed to help MSMEs grow. "In particular, is through our ScoreXcess, a one-stop business financing application portal for small and micro financing operated by our capacity building and training arm – Centre for Entrepreneur Development and Research. "By leveraging our combined expertise, this partnership signifies a strategic collaboration between two DFIs, reflecting our shared commitment to accelerate entrepreneurial growth and deliver tailored support that addresses the dynamic needs of today," Mohammad Hardee said. SME Bank's digital transformation journey, anchored by platforms such as ScoreXcess, ELSA and ODELA, has been instrumental in supporting nearly 5,000 SMEs across strategic sectors from 2021 to 2024. These platforms are designed to enhance access to financing and to provide structured assessments and market access, forming a comprehensive digital ecosystem to accelerate SME growth. Through this collaboration, ScoreXcess platform has facilitated the submission of 89 applications, amounting to RM 3.2 million in financing requests. This initiative highlights how strategic partnerships can enhance the reach and effectiveness of SME Bank's digital ecosystem, solidifying its role as a catalyst for SME development nationwide.
