Observations from the BIIA Forum 2011: Eliminating Information Asymmetries with Information Sharing

Posted by Joachim Bartels | May 14, 2011 | BIIA News, Commercial Credit Reporting, Credit Bureau Malaysia, Credit Bureau Singapore, Credit Information, Information Solutions for SMEs, Malaysia, Singapore, SME Access to Finance Issue | 0 |

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: http://www.smecb.com/default.jsp and Credit Bureau Singapore: BIF_Part 1_2 4March11

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.