To provide further input to the open forum discussion the audience had the benefit to listen to William Lim, Executive Director of the Singapore Credit Bureau presenting two excellent role models, the SME credit bureaus of Malaysia and Singapore: 

In essence two progressive nations are way ahead in terms of embracing the recommendations of the IFC.  The objectives of the Malaysian & Singapore role models are to enhance SMEs access to financing and to address the negative perception of SMEs being high risk borrowers.   Both role models embrace the concepts of information sharing, full file and use of non-traditional data (Utilities etc.), public sector data, trade information and a blended credit score based on consumer and business data.  

For further details go to: and Credit Bureau Singapore: BIF_Part 1_24March11