MySyarikat and Maybank introduce Malaysia’s first HR and estate planning solution for SMEs
This collaboration marks the first formal partnership between a cloud-based HR platform and a bank-backed licensed trust company.
NURSYAHMINA ZAINAL
SHAH ALAM - Succession planning is often overlooked by small and medium enterprises, but a new partnership between MySyarikat and Maybank is changing that by embedding legacy planning directly into the HR systems that businesses already use every day.
Byond Tech Global Berhad, which is a Malaysian tech company and the creator of the HR-tech platform MySyarikat, has partnered with Maybank through a Memorandum of Understanding (MOU) to introduce Malaysia’s first integrated solution for small and medium enterprises (SMEs) business continuity and estate planning.
This collaboration marks the first formal partnership between a cloud-based HR platform and a bank-backed licensed trust company.
Besides that, it also offers SMEs access to succession and legacy planning within their digital HR ecosystem.
Both parties aim to equip businesses with long-term protection while ensuring operational efficiency.
“Our aim has always been to make HR simpler, faster, and fully compliant for growing businesses. But we also know that operational efficiency is only one part of building a sustainable company,” said Byond Tech founder and chief executive officer (CEO) Malik Hairuddin.
“This collaboration is about looking ahead – empowering SMEs not just to run better, but to be better prepared. Legacy and continuity should not be afterthoughts, and with Maybank, we are giving business owners the tools to plan with clarity and confidence,” he further added.
Founded in 2019, MySyarikat is a cloud-based Human Capital Management (HCM) platform that simplifies HR processes including recruitment, onboarding, payroll, e-claims, e-leave, training, and compliance.
Today, it supports more than 27,000 businesses and 180,000 active users across Malaysia, Singapore, Brunei, and Indonesia.
Its client list includes Todak, Richiamo Coffee, UniKlinik, and Bawal Exclusive, which covers industries from retail and healthcare to education and hospitality.
“There is no reason estate planning should sit outside the digital ecosystem SMEs use every day. We are proud to be the first to bridge that gap,” said Byond Tech chief business development officer Afiq Arbae.
“Through this partnership, we are embedding legacy planning tools into the platforms businesses already rely on – and normalising succession planning as part of everyday business operations. It is a meaningful step forward for how we support SMEs in the long run,” he stated.
Furthermore, Byond Tech is expanding regionally and preparing for an IPO, with this collaboration forming part of its broader strategic roadmap to grow MySyarikat’s ecosystem of financial tools and services.
Maybank Trustees Berhad Chief Executive Officer (CEO) Nor Fazlina Mohd Ghouse stressed the importance of addressing legacy planning early.
“Succession planning is a critical area that is often misunderstood or neglected, particularly among SMEs. Without an effective succession plan, businesses may face considerable risk and instability when the unexpected happens,” she said.
“As a leader in trusts and in conventional and Islamic estate planning, we are excited to break down the barriers to legacy solutions through this collaboration. Ultimately, we want to empower business owners to plan wisely and protect what they have worked so hard to build,” she added.
Malik also emphasised the urgency of changing mindsets around continuity.
“This is not just a value-add – it is a survival tool. SMEs often focus on operations but delay legacy planning. We want to help shift that mindset by not only providing easy access, but also education and awareness,” he said in a statement.
This partnership also supports Malaysia’s national digitalisation and financial literacy objectives by giving SMEs a more holistic framework for business growth – covering everything from recruitment to retirement, and expansion to succession.
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