📷 Taing Ngounly (left), Executive Director of Techo Startup Center (TSC), shakes hands with Oeur Sothearoath, CEO of Credit Bureau (Cambodia) Co., Ltd. after signing the Memorandum of Understanding on cooperation in the use of electronic Know Your Business (e-KYB) services in Phnom Penh, on Tuesday. CBC.

Synopsis: The agreement focuses on promoting the use of e-KYB services and enhancing digital transformation through cooperation between public institutions and the private sector.

Techo Startup Center (TSC) and Credit Bureau (Cambodia) Co., Ltd. (CBC) signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation on the use of Electronic Know Your Business (e-KYB), marking another step in Cambodia’s drive to deepen digital transformation and modernise enterprise data verification, according to a statement released yesterday.

The MoU signing ceremony was held at the headquarters of TSC on Tuesday and was presided over by Kong Marry, Secretary of State of the Ministry of Economy and Finance and Chairman of the Board of Directors of TSC, and Rath Sovannorak, Deputy Governor of the National Bank of Cambodia and Chairman of the Board of Directors of CBC.

The event brought together senior officials and representatives from the Ministry of Commerce, Ministry of Labour and Vocational Training, the General Department of Taxation, as well as management teams from TSC and CBC, underscoring strong inter-ministerial and public-private sector engagement.

The MoU was signed by Taing Ngounly, Executive Director of TSC, and Oeur Sothearoath, Chief Executive Officer of CBC. The agreement focuses on promoting the use of e-KYB services and enhancing digital transformation through closer cooperation between public institutions and the private sector.

The e-KYB system is a digital tool designed to support enterprise data verification. Through the Cambodia Data eXchange (CamDX), operated by TSC, financial institutions and private companies can verify reliable enterprise data while ensuring data security and privacy. This system is expected to reduce verification costs, improve efficiency and enhance trust in business transactions.

CBC, one of Cambodia’s largest credit bureaus, is recognised by the National Bank of Cambodia, the Association of Banks in Cambodia and the Cambodia Microfinance Association. With partnerships involving nearly 200 domestic institutions and a range of international partners, CBC is well-positioned to support wider and faster adoption of e-KYB services nationwide.

During the ceremony, Kong Marry provided key recommendations to facilitate and expand the use of the e-KYB system. These included continued close cooperation among relevant ministries, institutions and the CamDX operator, encouraging greater private sector participation as CamDX members, and strengthening outreach efforts through all available communication channels to ensure business owners are well-informed.

Rath Sovannorak described the MoU as an important initial step in enterprise identification, enabling both national and international companies to verify enterprise data with confidence, transparency and consistency. He noted that the partnership could pave the way for broader cooperation among TSC, CBC and other institutions in data verification, contributing to a stronger financial infrastructure and supporting Cambodia’s economic development.

About Credit Bureau Cambodia (CBC)

Credit Bureau (Cambodia) Co., Ltd. (CBC) is the leading provider of financial information, analytical solutions, and credit reporting services to financial institutions and consumers in the Kingdom of Cambodia. Since 2012, CBC has been assisting customers in managing the risks and rewards of commercial and financial decisions through a range of solutions: Consumer Credit Report, Commercial Credit Report, K-Score, Data Analytics Report, Credit Risk Heat Map, Portfolio Monitoring Service, Portfolio Review Service, Customized Solutions and Digital Real Estate Appraisal.  CBC serves a member base of more than 190 financial institutions including Commercial Banks, Specialized Banks, Microfinance Deposit Taking Institutions, Micro-Finance Institutions, Leasing Companies and Rural Credit Institutions.


Source: khmertimeskh.com