Credit Bureau Singapore, Experian Partner for Cross-Border Credit Reporting

The partnership will allow both companies to share credit information across the two countries, helping businesses and financial institutions make better lending and credit decisions.

The MoU creates a framework that will allow people with financial records in Singapore or Malaysia to apply for cross-border credit reports with their consent. This will make it easier for lenders to access relevant credit information when evaluating applications.

The initiative is expected to improve financial inclusion, help financial institutions assess credit risks more accurately, and support stronger economic cooperation between Singapore and Malaysia.

Singapore and Malaysia have one of the strongest economic partnerships in ASEAN, with annual trade between the two countries regularly exceeding SG$100 billion. They also share close business, education, and workforce connections, supported by strong digital infrastructure and growing digital financial services.

The partnership also supports the goals of the Johor-Singapore Special Economic Zone (JS-SEZ), which focuses on digital industries and technology-driven businesses. As sectors like fintech, e-commerce, digital banking, and online SMEs continue to grow, a reliable cross-border credit system will help businesses and individuals access financing more easily and securely across both countries.

Mr. William Lim, Executive Director of Credit Bureau Singapore, said:"As individuals and businesses operate more seamlessly across Singapore and Malaysia, credit information systems must evolve to reflect cross-border realities. This collaboration represents an important step towards enabling more seamless and responsible access to credit for consumers."

Ms. Dawn Lai, Chief Executive Officer of Experian Information Services Malaysia, added: "Trusted data collaboration is key to strengthening digital financial ecosystems. By working together, we aim to enhance financial inclusion, improve risk transparency and support sustainable growth across both markets."

Mr. Vincent Yap, CBS Board Chairman & Group Chief Credit Officer, Consumer Credit Risk Management of Oversea-Chinese Banking Corporation, said "The access to cross-border credit data can provide a more comprehensive view of an individual applicant's financial obligations, supporting more accurate risk assessment outcomes, reduced cross-border fraud risk and promote seamless access to capital across both markets."

Credit Bureau Asia Limited (CBA) is one of Southeast Asia’s leading providers of credit and risk information services. The company helps businesses and financial institutions make better lending and risk-management decisions.

CBA serves a wide range of clients, including banks, financial institutions, multinational companies, telecom operators, government agencies, local businesses, and individual consumers across Singapore, Malaysia, Cambodia, and Myanmar.

Its operations are divided into two main areas: services for financial institutions and services for non-financial businesses. Through these segments, CBA provides both personal and business credit information and risk assessment solutions.

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