{"id":50036,"date":"2021-10-18T09:50:31","date_gmt":"2021-10-18T01:50:31","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=50036"},"modified":"2021-11-25T11:29:59","modified_gmt":"2021-11-25T03:29:59","slug":"ocbc-ekyc-digitising-business","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/ocbc-ekyc-digitising-business","title":{"rendered":"How To Go About Digitising Your Business?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-37236 size-medium\" src=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2019\/02\/in-partnership-with-OCBC-300x47.png\" alt=\"\" width=\"300\" height=\"47\" srcset=\"\/articles\/wp-content\/uploads\/2019\/02\/in-partnership-with-OCBC-300x47.png 300w, \/articles\/wp-content\/uploads\/2019\/02\/in-partnership-with-OCBC.png 419w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Businesses need to undergo a digital transformation in order to compete in the modern marketplace &#8211; you have probably heard this many times, but the past year has made this transformation a necessity.<\/p>\n<p>Before the pandemic, fewer than half of the companies in Malaysia were on a digital transformation journey, yet a recent <a href=\"https:\/\/www.zdnet.com\/article\/the-state-of-digital-transformation-in-malaysia\/\" target=\"_blank\" rel=\"noopener noreferrer\">survey<\/a> revealed many more have been expanding their digital capabilities in 2021. Clearly, the recent pandemic-related events have accelerated the pace at which businesses adopt online business solutions.<\/p>\n<p><a href=\"https:\/\/www.smeinfo.com.my\/heres-why-sme-is-important\/\" target=\"_blank\" rel=\"noopener noreferrer\">Small and Medium Enterprises (SMEs)<\/a> which make up over 98% of businesses in Malaysia, are the most vulnerable, especially micro-SMEs that form the biggest segment at over 76%, as many are not prepared to operate in an online business environment. <a href=\"https:\/\/www.smecorp.gov.my\/index.php\/en\/resources\/2015-12-21-10-55-22\/news\/4357-entrepreneurs-risk-closing-down-if-mco-prolonged-says-wan-junaidi\" target=\"_blank\" rel=\"noopener noreferrer\">SME Corporation Malaysia<\/a> recently published findings that revealed 90% of SMEs are at risk of closing due to extended Movement Control Orders.<\/p>\n<div class=\"block\"><div><strong>Did you know?<\/strong><\/p>\n<p>OCBC bank is adapting to the pandemic by making available an online business account that can even be opened remotely, complete with eKYC (Know Your Customer). Everything, including document submissions, are completed digitally. You can start digitising your business immediately <a href=\"https:\/\/www.ocbc.com.my\/business-banking\/accounts-and-services\/ebiz\/?utm_source=U_Paid_Article&amp;utm_medium=Nationwide&amp;utm_campaign=Eng&amp;utm_content=oct-article-iMoney-text\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/div><\/div>\n<p>Knowing that you need to transform your business digitally is the right mindset to have as an SME owner, but how do you get started? Here is a step-by-step guide to take your business digital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businesses need to undergo a digital transformation in order to compete in the modern marketplace &#8211; you have probably heard this many times, but the past year has made this transformation a necessity. Before the pandemic, fewer than half of the companies in Malaysia were on a digital transformation journey, yet a recent survey revealed&#8230; <a class=\"view-article\" href=\"https:\/\/www.imoney.my\/articles\/ocbc-ekyc-digitising-business\">View Article<\/a><\/p>\n","protected":false},"author":36,"featured_media":50337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[248,31,236],"tags":[208,680,577],"class_list":["post-50036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneur","category-infographic","category-sponsored","tag-featured","tag-ocbc","tag-sme"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How SMEs Can Go Digital<\/title>\n<meta name=\"description\" content=\"Here\u2019s a primer on what needs to be done in order to make that transformation happen for your business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/ocbc-ekyc-digitising-business\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How SMEs Can Go Digital\" \/>\n<meta property=\"og:description\" content=\"Here\u2019s a primer on what needs to be done in order to make that transformation happen for your business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/ocbc-ekyc-digitising-business\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-18T01:50:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-25T03:29:59+00:00\" \/>\n<meta property=\"og:image\" 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