Malaysia ready to embrace digital economy

KUALA LUMPUR: The digital economy is an emerging trend in the global business landscape, with an increasing number of organisations, companies and investors adopting it.

In its journey to become a developed nation, Malaysia has embraced many strategies, including the shift towards the digital economy, to remain competitive and relevant to the modern business environment.

BNY Mellon’s head of global client management for Asia-Pacific, Gregory T. Roath, said Malaysia is on the right track in terms of awareness and interest in the digital economy, also known as the Internet economy.

“Talking to the clients we have (in Malaysia), such as pension funds, they are ready (to embark on the digital economy) and are talking to us (about it) to gain an understanding to what BNY Mellon is doing (regarding the development of digital economy) and how it would benefit them,” he told Bernama.

In fact, some of BNY Mellon’s clients in the region have visited its innovation centres, including the one in the Silicon Valley.

“The level of awareness among Malaysian businessmen regarding the digital economy is very high at present, comparable with other top organisations across the region,” he said.

Founded in 1784, BNY Mellon is the oldest bank in the United States. It has became a global investment company, which largely serves two areas – investment services and investment management.

Roath said BNY Mellon has the means to drive the innovations changing the way people work and think. “Globally, we have established nine innovation centres. Each centre focuses on different aspects of modern technology trends,” he said. — Bernama