CTOS logoCTOS Malaysia has launched a new credit scoring system called CTOS Score, aimed at providing banks with a more detailed evaluation of a consumer’s credit risk, even if the consumer in question does not have a credit history.  According to Eric Chin, CEO of CTOS Data Systems Sdn Bhd, they will be leveraging their proprietary data for greater risk prediction.

 CTOS Forum IMG-20160331-WA0003Apart from information from the Central Credit Reference System (CCRIS), we also obtain information from non-banking sources such as the Companies Commission of Malaysia (SSM) and telecom companies.  All these data sources permit us to get more accurate assessments of a person’s credit history,” explains CEO Chin. 

The launch took place during the inaugural CTOS Global Forum 2016 with a panel discussion on the role of credit reporting in the financial ecosystem.  Panelist included BIIA director Lawrence Yee, BIIA co-initiator David Emery of Reciprocus Singapore and Rory Matthews, CEO of Compustan Australia & Asia Pacific. 

Other contributing exerts were Dr. Andrew Jennings, Senior VP of FICO; Shen Zhihua, Retail Risk Management Technology director of China’s Ping An Bank;  Salome Pirtakhiya, Head of Retail Risk at Russia’s UniCredit and Kung Lim Siew Ghee, CTOS head of product development.

Source:  The Star Online – Metro Section Malaysia