CTOS has been Malaysia’s largest in terms of credit reporting, just announced a partnership with LenddoEFL to achieve a joint vision of financial inclusion for the people who had difficulties securing loans in Malaysia due to the lack of credit history.
Read article in MicroFinance Gateway website: https://www.microfinancegateway.org/announcement/malaysia-fintech-heavyweight-ctos-expands-services-better-financial-inclusion
“Having worked across geographies and being well-versed with the problem of credit coverage, I look forward to leveraging my experiences to work on the challenge of financial inclusion in India. The need is massive with less than 45% of Indian adults included in the credit bureau and less than 10% borrowing from a financial institution in the last year, as per the World Bank.” said Darshan Shah.
（吉隆坡12日讯）许多早前因传统信贷风险而无法获得贷款机构服务的人士，现今将可享有更包容性的金融服务。 马来西亚信贷情报服务私人有限公司（CTOS）今天与LenddoEFL...
统信贷风险而无法获得贷款机构服务的人士，现今将可享有更包容性的金融服务。 马来西亚信贷情报服务私人有限公司（CTOS）今天与LenddoEFL 达成合作伙伴关系协议，携手为甚少或几乎没有信贷记录的大马消费者，实现普惠金融的CTOS信贷记录有限评分
CTOS has been Malaysia’s largest in terms of credit reporting, just announced a partnership with LenddoEFL to achieve a joint vision of financial inclusion for the people who had difficulties securing loans in Malaysia due to the lack of credit history.
Under the partnership, CTOS and LenddoEFL will launch a universal credit decisioning platform capable of accessing credit-worthiness of those who lack credit history, providing financial institutions with expanded service coverage. Read full article.
CTOS Data Systems Sdn Bhd, Malaysia’s largest credit reporting agency, has entered into a partnership with LenddoEFL.
30% of Malaysians with good potential is still denied access to loans. This is because they lack or directly have no credit history. In order to curb this issue, Malaysia's Largest Credit Reporting agency, CTOS Data Systems Limited, partnered with Fintech LenddoEFL company and emerged with a new solution.
AGENSI pelaporan kredit terbesar Malaysia, CTOS Data Systems Sdn Bhd (CTOS), menjalin kerjasama dengan LenddoEFL bagi memperluaskan perangkuman kewangan pengguna Malaysia yang kurang atau tidak mempunyai sejarah kredit melalui ‘CTOS Non-Traditional Data Score’.
Ketua Pegawai Eksekutif Kumpulan CTOS Holdings Sdn Bhd, Dennis Martin berkata, walaupun markah kredit ramalan tentang tingkah laku pembayaran telah meningkat tahun demi tahun, namun sekumpulan besar peminjam yang berpotensi baik ketika ini dinafikan akses kepada kredit disebabkan kurangnya sejarah kredit.
“Disebabkan pemberian pinjaman pengguna lazimnya bergantung kepada skor kredit, individu ini mendapati diri mereka terpinggir daripada ekosistem kredit dan juga sukar menambah baik markah kredit mereka.
“Dengan memanfaatkan sepenuhnya data tingkah laku dan data digital yang diizinkan penggunaannya oleh pengguna, CTOS dan LenddoEFL akan melancarkan platform keputusan kredit universal yang mampu menaksir kebolehpercayaan kredit mana-mana rakyat Malaysia, baik yang ada sejarah kredit mahupun kurang sejarah kredit,” katanya dalam kenyataan media.
Menurut Dennis, kini banyak individu yang dahulunya kurang dilayan oleh institusi kredit atas alasan risiko kredit tradisional mereka, akan menikmati peluang untuk akses kredit.
Psychometric big data—including online quizzes to judge character or personality traits and analysis of Facebook “likes”—is garnering increased attention. Suppliers of psychometric data or psychometric tools, such as EFL, believe not only that their data and analytics are predictive but also that they have a key advantage in their applicability to everyone, even clients with limited credit history (“thin-file” clients), as a starting point. When layered with other big and traditional data sources (e.g., social media, mobile phone, bureau data, bank historical data), proponents expect psychometrics to become even more powerful. Indeed, Equity Bank conducted an experiment with EFL’s psychometric scoring model and found it both predictive and useful; they plan to integrate it into applicable models across their regional subsidiaries.
Moreover, Juhudi Kilimo decided to partner with EFL in order to evaluate character as part of their risk assessment. This was previously carried out by loan officers, but they believed the EFL approach would be more objective.
Today's interviews are with Alan de Brauw, a Senior Research Fellow in the Markets, Trade, and Institutions Division at the International Food Policy Research Institute; and Bailey Klinger, the founder and (until recently) CEO of the Entrepreneurial Finance Lab
KUALA LUMPUR: CTOS Data Systems Sdn Bhd (CTOS), Malaysia’s largest credit reporting agency, has entered into a partnership with LenddoEFL to enable access to financing for Malaysian consumers with little to no credit history.
Both CTOS and LenddoEFL have aided banks, lending institutions, utility and credit card companies to reduce risk, increase portfolio size, improve customer service and accurately verify applicants. Read full article.
Featured partnership launch between CTOS and LenddoEFL.
CTOS Data Systems Sdn Bhd (CTOS), Malaysia’s largest credit reporting agency, has entered into a partnership with LenddoEFL to achieve a joint vision of financial inclusion for Malaysian consumers with little to no credit history. Both fintech leaders have aided banks, lending institutions, utility and credit card companies to reduce risk, increase portfolio size, improve customer service and accurately verify applicants.
“We are excited to announce our partnership with CTOS which delivers on our shared commitment to power leading financial institutions with cutting edge analytics and technology and provides millions of creditworthy individuals in Malaysia access to life-improving financial services,” shared Richard Eldridge, CEO, LenddoEFL.
KUALA LUMPUR, Malaysia, and SINGAPORE, CTOS Data Systems Sdn Bhd (CTOS), Malaysia's largest credit reporting agency, has entered into a partnership with LenddoEFL to achieve a joint vision of financial inclusion for Malaysian consumers with little to no credit history. Both fintech leaders have aided banks, lending institutions, utility and credit card companies to reduce risk, increase portfolio size, improve customer service and accurately verify applicants. Read full article.
KOLKATA: Singapore-headquartered fintech company LenddoEFL has appointed Darshan Shah as managing director, India and South Asia, effective April 16.
In his new role, Shah will be responsible for growing LenddoEFL’s footprint in India and South Asia as well as bring more financial institutions in the region on board as clients who would be using LenddoEFL services.
Shah comes with close to two decades of experience in the credit information industry. He has worked with large organisations like TransUnion CIBIL and Equifax (Canada) in leadership roles. His last role was as director (credit services) at Experian.
The Africa SME Finance Forum 2018 will examine the key challenges faced by MSMEs in Africa, and explore innovative local and global best practice solutions to promote youth entrepreneurship and enhance access to financing for MSMEs.
The TechPitch will be held in the afternoon of May 15, and will provide an opportunity for innovative fintechs to demo their product to global and emerging market investment firms, financial institutions and other Forum participants. This exclusive opportunity is one of the key features of the conference and is open to a limited number of financial technology innovators working in the SME space. Approximately 12 fintech companies are selected to demo their products to Forum participants during this 90-minute session.
We are pleased to already have a number of fintech innovators such as Lendable, TALA, SME Credit Pro, Mobbisurance, N-Frnds,LendEnable, Alternative Circle, Lenddo, Q-Lana, Topicus, Uber and many others joining us during the TechPitch. Read full article.
LenddoEFL, a Singapore-based fintech company powering data-driven decisions for financial services, has appointed Darshan Shah as Managing Director, India and South Asia. Darshan is a credit bureau veteran and he brings close to two decades of experience including credit reporting, scoring, analytics and technology.
“Having worked across geographies and being well-versed with the problem of credit coverage, I look forward to leveraging my experiences to work on the challenge of financial inclusion in India,” said Darshan Shah, Managing Director, India and South Asia. “The need is massive with less than 45% of Indian adults included in the credit bureau and less than 10% borrowing from a financial institution in the last year, as per the World Bank.”
Micropréstamos: un negocio en aumento
La posibilidad de ofrecer micropréstamos a los usuarios tienta cada vez más a la industria. No solo a la banca digital. El año pasado, Telefónica de España presentó Movistar Money. Se trata un servicio de préstamos al consumo. Asimismo, una de sus principales características es que son preconcedidos a los clientes de la operadora.
En Latinoamérica esta tendencia es todavía más importante. Así, en México, Lenddo y Entrepreneurial Finance Lab (EFL) se fusionaron para brindar productos financieros para el sector no bancarizado. Read full article.