AmBank has entered into a two-year strategic partnership with Persatuan Usahawan Maju Malaysian (PUMM). Which will pave the way for AmBank to work with association members in order to strengthen their financial awareness.
The cooperation also enables these members to gain access to financing. In addition to providing an understanding of the various products and tools that AmBank has to help businesses optimize.
PUMM, the non-profit organization, has over 3,000 business owners from diverse business sectors including construction, information technology, logistics, F&B, and advertising.
The partnership is positioned as an empowerment package by AmBank to PUMM members, leveraging on PUMM’s platform to get connected with their members and their other business partners. To drive new-to-bank (NTB) acquisition over the two-year partnership term.
AmBank’s efforts is to go beyond financing in supporting SMEs’ growth by creating holistic relationships. Which include providing strategic solutions that meet the need of SMEs and further help them operate efficiently and seamlessly.
AmBank Group Group Chief Executive Officer Dato’ Sulaiman Mohd Tahir said: “At AmBank, we are constantly thinking out of the box. By introducing a range of initiatives and partnerships in our resolute mission to empower and rejuvenate SMEs. It is part of our development initiatives that help SMEs reset, revive and grow especially during these unprecedented times when businesses are still recovering from the effects of the pandemic. This partnership with PUMM is well aligned with our SME growth and empowerment agenda. And we certainly look forward to fostering new and meaningful bank-client relationships driven by this collaboration.”
AmBank Retail Banking Managing Director Aaron Loo said: “A major challenge many SMEs faces today is gaining access to financing.
“In many cases, the business they are in would have qualified, however, they were unable to obtain approvals due to unfamiliarity with the criteria as well as processes. I am thrilled that AmBank is partnering with PUMM as it would enable us to work with their members to educate them on the best approach to successfully gain financing.”
In addition, we will also be able to share with their other products and services that would help optimize their businesses. Including our award-winner digital bank, AmAccessBiz, as well as foreign currency products that help exporters and importers manage their currency risks, he added.