Skip to content
Marketech APAC
  • About Us
  • Reports
  • Events
  • Contact Us
SUBSCRIBE
  • MARKETING
  • TECHNOLOGY
  • PLATFORM
  • SME
SME Featured Southeast Asia
No posts found

Alliance Bank launches new digital loan solution to support SMEs in Malaysia

by Jean Cabico

-

June 6, 2022

Alliance-Bank-Malaysia's-Digital-SME

Kuala Lumpur, Malaysia – Alliance Bank Malaysia has launched its latest digital solution, Digital SME, which aims to help SMEs manage and grow their business faster by leveraging the bank’s suite of innovative digital solutions.

The Digital SME loan offers up to RM500,000 collateral-free financing via a simple online process that only requires submission of the company’s six-month bank statement. To facilitate the application process, the Digital SME loan application is available in three languages, namely English, Bahasa Malaysia, and Mandarin. The bank also provides advice to SMEs on how to establish credit history and improve their credit profile.

Kevin Shum, Alliance Bank’s SVP and head of Digital SME, noted that they know that micro-enterprises may face issues obtaining financing due to their limited credit history, so they wanted to help them build their credit history by starting them with a small credit line, and subsequently help them expand by providing them quick access to financing via Digital SME once they are ready. He further shared that this financial year, they aim to provide up to RM200 million in digital SME loans.

“We want to enable our business customers to remotely open a digital business current account anytime, anywhere. The digital business account will comprise several innovative features, including a small overdraft line and business credit or debit card to help business owners manage their expenses more efficiently,” said Shum.

In addition to financing, Digital SME also offers financial advice on managing the business more efficiently. Aaron Sum, Alliance Bank’s group chief strategy of marketing and business development officer, stated, “Micro and small businesses face their own unique challenges while running their business, such as limited access to operational resources and recruiting talent. Through our BizSmart Solution portal, businesses can access relevant products and services such as digital marketing, logistics, accounting and data analytics at better rates to help them grow and run their business efficiently.”

BizSmart Solution portal is a one-stop online business community portal with over 200 partners, enabling business owners to reach out to new customers and access a wide range of business solutions at preferential rates.

The Digital SME financing is applicable to businesses that have been in operation for at least a year and with an annual turnover between RM50,000 and RM30 million.

Related Tags Malaysia Southeast Asia banking Alliance Bank Digital SME
Share this article

Related Articles

View All
ANEXT-Bank-in-Singapore
SME Featured Southeast Asia
ANEXT Bank launches as Singapore’s newest digital wholesale bank for MSMEs
June 6, 2022
By Jean Cabico
Chubb, JA Assure launches online cyber insurance platform for SME
SME Featured Southeast Asia
Chubb, JA Assure launches online cyber insurance platform for SMEs
June 3, 2022
By Christian Calma
GA MY, MARQETR
SME Featured Southeast Asia
GA Malaysia, MARQETR partner to upskill Malaysian marketers, assist SMEs
May 31, 2022
By Carlo Sarabia
HitPay to continue building payment gateway service for SEA SMEs through latest funding
SME Featured Southeast Asia
HitPay to continue building payment gateway service for SEA SMEs through latest funding
May 31, 2022
By Teddy Cambosa
IFC, HDBank partner to boost finance for Viet SMEs
SME Featured Southeast Asia
IFC, HDBank partner to boost finance for Viet SMEs
May 16, 2022
By Carlo Sarabia
Alliance Bank, MCash partner to launch MY’s first virtual card
Marketing Featured Southeast Asia
Alliance Bank, MCash partner to launch virtual credit card
February 22, 2022
By Carlo Sarabia
No posts found

Featured Articles

View All
MA Reels - METAVERSE
Main Feature Platforms APAC
MARKETECH APAC Reels: The Metaverse Series
May 31, 2022
By MARKETECH APAC
Top Story: How airasia ride looks to disrupt e-hailing as it marks regional expansion
Main Feature Marketing Southeast Asia
Top Story: How airasia ride looks to disrupt e-hailing as it marks regional expansion
May 27, 2022
By MARKETECH APAC
Russia vs Ukraine
Main Feature Marketing APAC
MARKETECH APAC Reels: Features leading industry brands’ withdrawal from Russia
May 26, 2022
By MARKETECH APAC
SEA roundtable: Marketing leaders bare their best strategies in customer acquisition, retention for the post-pandemic
Main Feature Marketing Partners APAC
SEA roundtable: Marketing leaders bare their best strategies in customer acquisition, retention for the post-pandemic
May 25, 2022
By MARKETECH APAC
MARKETECH APAC launches new features brand, MARKETECH APAC Reels
Main Feature Marketing APAC
MARKETECH APAC launches new features brand, MARKETECH APAC Reels
May 20, 2022
By MARKETECH APAC
MARKETECH APAC webinar discusses how loyalty strategies will drive greater returns in cookie-less world 
Main Feature Marketing Partners APAC
MARKETECH APAC webinar discusses how loyalty strategies will drive greater returns in cookie-less world
May 17, 2022
By MARKETECH APAC
No posts found

Most Recent Articles

david droga accenture song ceo step down
David Droga to step down as CEO of Accenture Song; takes on vice chair role at Accenture
May 29, 2025
Aliza Carmona
No posts found
Goodbye GroupM, hello WPP Media: WPP rolls out new brand identity for unified media, data capabilities
May 29, 2025
Teddy Cambosa
Singapore NLB to immerse readers in stories through AR glasses via Snap, LePub
May 28, 2025
Fatima Baduria
Teads brings advanced attention measurement to Hong Kong and Taiwan
May 28, 2025
Aliza Carmona
What’s NEXT: SleekFlow’s Asnawi Jufrie on how AI-powered customer engagement strategies improve personalisation
May 28, 2025
Teddy Cambosa
Curtin University taps Monks as strategic digital experience agency
May 28, 2025
Teddy Cambosa
No posts found

Subscribe Now

Agreement(Required)
This field is for validation purposes and should be left unchanged.
Marketech APAC
We deliver the latest marketing news, trends, and best practices that serve everyone in the industry whether you’re from small or big enterprises.

Office

14i Seville Tower, Circulo Verde Phase 1, #70 Calle Industria, Brgy. Bagumbayan, Quezon City, 1100 Philippines +63 917 319 5762
+63 917 319 5762

Follow Us

Facebook Linkedin Youtube Spotify

Content Pillars

  • Marketing
  • Technology
  • Platforms
  • SME

The Publication

  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy & Cookie Policy
  • Events
  • Reports

Geographical Scope

  • South East Asia
  • East Asia
  • ANZ
  • SouthAsia
  • APAC
  • Global

Events

What's NEXT in Marketing Series
  • Singapore
  • Philippines
  • Hong Kong
  • Indonesia
  • Malaysia
Retail & E-Commerce Innovation Series
  • Malaysia
  • Philippines
Advertising Technology Asia Series
  • Philippines
  • Singapore
Awards
  • Empowered Women Awards
  • Marketing Technology Awards
  • NEXT Awards
  • Indonesia
  • Philippines
  • Malaysia
  • Singapore & APAC

Join our APAC marketing community

Subscribe to our newsletters to get the latest marketing news in the region.

Agreement(Required)
This field is for validation purposes and should be left unchanged.
© 2025 MARKETECH APAC. All rights reserved.
We use cookies to improve your experience and to analyse our traffic. To find out more, please click here. By continuing to use our website, you accept our Privacy Policy and Terms & Conditions. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
Home
About Us
Write for Us
Contact Us
Subscribe
Facebook Linkedin