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CTOS, Malaysia’s leading credit reporting agency, has released a summary of findings regarding the correlation of consumers’ MyCTOS Scores against their chances of securing loan financing. Using a sample of over 250,000 applications for financing within one month of the MyCTOS Score report being checked, the study highlights the disparity in loan approval rates between the various CTOS score categories. “Access to credit is a practical necessity today. Much more than a means to make purchases, credit enables people to meet everyday needs like housing and modes of transport, and improves their standard of living,” explained Erick Hamburger, Group CEO of CTOS Digital Berhad. “Being in a position to know how likely you are to be able to access credit is very important to understanding your own personal financial health.” The study showed that overall, those consumers with an ‘excellent’ CTOS score, were five times more likely to have their credit applications approved, compared to those w...

CTOS Data Systems Sdn Bhd (“CTOS”) has signed a cooperative agreement with Kekal Impian Sdn Bhd (“Kekal Impian”) to utilise CTOS systems for Kekal Impian’s new digital moneylending platform. From left: Eric Chin, CEO of CTOS Data Systems Sdn Bhd; Jason Ng, Business Advisor for Kekal Impian Sdn Bhd; See Wai Hun, Co-founder and CEO of Juris Technologies Sdn Bhd; Erick Hamburger, Group CEO of CTOS Digital Bhd; Lee Khang Ren, Director of Kekal Impian Sdn Bhd; Tan Sri See Hong Chen, See Cherng Jye and Tan Boon Wah, Business Advisors to Kekal Impian Sdn Bhd signing a cooperative agreement between the two companies. The event follows the news that Kekal Impian recently obtained a digital moneylending license from KPKT. The partnership involves CTOS Application and Decisioning for Moneylenders, which provides digital automation for the Kekal Impian online moneylending operations. “We have long evolved from being a traditional credit reporting agency into a company that provides a broad ...

CTOS Data Systems Sdn Bhd, the wholly owned subsidiary of CTOS Digital Berhad, recently signed a Memorandum of Understanding with SBH Corporate Group Sdn Bhd, currently trading under the business name of SBH Financial Consultancy, one of the largest professional financial consultancies in Malaysia. Germayne Ho, Marketing Director at SBH Financial Consultancy; Sam Tsen, CEO and Founder of SBH Financial Consultancy; Eric Chin, CEO of CTOS Data Systems Sdn Bhd; Rodrigo Maroto, General Manager, Consumer Services, CTOS Data Systems Sdn Bhd. The collaborative efforts will see SBH Financial Consultancy join the growing ranks of CTOS partners that promote various financial education programmes, as well as SBH Financial Consultancy being able to directly offer their clients CTOS Score reports and CTOS SecureID, to ascertain their credit health and safeguard them from fraud and scams. Eric Chin, CEO of CTOS Data Systems commented during the ceremony, “As the leading credit reporting agency ...

CTOS Data Systems Sdn Bhd, Malaysia’s leading credit reporting agency, recently rewarded consumers who took the initiative to keep up to date with their credit health by checking their CTOS Score, with over RM20,000 worth of gold. Eight winners of the CTOS “Win Gold & Hop with Joy” contest, which was held in conjunction with the Chinese New Year festive period, were rewarded with a 10-gram solid gold bar each. Erick Hamburger, Group CEO of CTOS Digital Berhad with contest winners To win the prizes, the victors came up with the most creative slogans from over 20,000 participants who purchased their MyCTOS Score Reports between 3rd to 21st January 2023. “Congratulations to all contestants for joining our CTOS CNY contest, and especially so to our eight winners. We have seen from our recent ‘State of Consumer Credit’ study, that credit health is on rise, with improvements in the average CTOS Score for consumers last year. Therefore, we would like to continue encouraging Malaysians to...

In the spirit of sharing and giving, CTOS Digital Berhad recently arranged a CNY visit to Pertubuhan Kebajikan Orang Tua Cacat dan Kurang Upaya Taman Connaught to spread festive cheer to the local residents. The CTOS Digital team and residents with a cash donation as well as essential goods during a visit to Pertubuhan Kebajikan Orang Tua Cacat dan Kurang Upaya Taman Connaught at the start of Chinese New Year. After carrying out various community outreach programs to help the public over the years, CTOS have extended their CSR initiative to senior citizens. Norine Majaman General Manager of Marketing, Investor Relations, PR & Corporate Communications at CTOS Digital Berhad, led a contingent of CTOS staff who brought a cash donation of RM20,000, as well as essential goods worth RM5,000 during a visit at the start of Chinese New Year. (Holding cheque from left to right) Mr. Lee Cen Foong, Founder of Pertubuhan Kebajikan Orang Tua Cacat dan Kurang Upaya Taman Connaught and Nori...

Over 300 employees from 24 Financial institutions participate in one of sectors biggest tournaments Over 300 participants from 24 financial institutions recently competed in CTOS Inter-Financial Institutions Badminton Championship 2022, one of the sector’s largest annual local badminton tournaments. The CTOS Inter-Financial Institutions Badminton Championship 2022 saw the nation’s leading financial institutions send their best shuttlers to demonstrate their skills and to foster stronger relationships within Malaysia’s financial sector while promoting healthy work-life balance. The recently concluded championship held at Sports Arena Puchong saw Maybank emerging as the final champion, carrying off the Premier Cup Challenge Trophy and a cash prize of RM5,000. This is one of the financial sector’s largest annual local badminton tournaments which saw 24 teams competing this year, double the number which participated in the inaugural championship in 2017. Jimmy Tan and Mohd Shahruddin...

CTOS Data Systems Sdn Bhd, the wholly owned subsidiary of CTOS Digital Berhad, recently signed a Memorandum of Understanding with a subsidiary of PropertyGuru Group, (NYSE: PGRU) (“PropertyGuru” or the “Company”), Southeast Asia’s leading1, property technology (“PropTech”) company to work together on advancements in property-related technology to revolutionise the digital space of the commercial real estate business in Malaysia. (From upper left) Sheldon Fernandez, Country Manager at PropertyGuru International; Joe Hock Thor, Managing Director, MyProperty Data; James Mitchell, Chief Technology Officer at CTOS Digital and Tracy Gan, Chief Operating Officer at CTOS Data Systems witnessing (from lower left) Shyn Yee Ho, Managing Director of Data and Software Solutions at PropertyGuru Group and Erick Hamburger, Group CEO of CTOS Digital sign a Memorandum of Understanding between CTOS Data Systems and PropertyGuru to collaborate on advancements in property-related technology. CTOS,...

Partners with CTOS to offer an industry-first initiative, including a free MyCTOS credit report with CCRIS Touch ‘n Go Group today announced that it will be providing its Touch ‘n Go eWallet users with a free MyCTOS credit report with CCRIS, as it continues to promote elements of consumer education within the context of financial inclusion. This industry first initiative is made possible through a strategic collaboration between Touch ‘n Go eWallet and CTOS Data Systems Sdn Bhd (“CTOS”), Malaysia’s leading credit reporting agency. The collaboration will also see CTOS joining Touch ‘n Go eWallet’s ecosystem through the latter’s mini programme initiative, where eWallet users will now have access to tools to facilitate credit health self-checks, obtain educational articles about credit and credit reporting.  “This really is a market-first, an initiative about empowering all Malaysians, and we’re hoping to educate everyone that understanding, and having access to one’s own credit healt...