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Credit Bureau Asia aims for ‘multiplier effect’ with digital banks

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Claudia Chong

Claudia Chong

Published Mon, Aug 1, 2022 · 05:50 AM
    • Credit Bureau Asia's executive director William Lim said the inclusion of digital banks in CBA's member network will create a multiplier effect.
    • Credit Bureau Asia's executive director William Lim said the inclusion of digital banks in CBA's member network will create a multiplier effect. YEN MENG JIIN, BT

    CREDIT Bureau Asia (CBA), which runs the largest consumer credit bureau in Singapore, is eager for the local digital banks to finally launch.

    CBA’s growth is linked to the growth of its member network. The inclusion of a new financial institution in Credit Bureau (Singapore)’s (CBS) platform has a ripple effect, amplifying the data pool for all members while creating more revenue opportunities for the group.

    CBS' fees are based on how many reports it generates for its customers (the banks), whether each report comes with a score, the size of the portfolio the customer is monitoring, and the number of triggers or alerts sent out.

    ToplineCredit Bureau AsiaSingapore digital banksDigital banking

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