CREDIT BUREAU (SINGAPORE) PTE LTD GRANTED
THE CONSUMER CREDIT BUREAU LICENSE
02 April 2025
Singapore, 02 April 2025:
Credit Bureau Asia Limited (“CBA”, “亚洲征信有限公司”, and together with its subsidiaries, the “Group”), a leading player in the credit and risk information solutions market in Southeast Asia, is pleased to announce that pursuant to section 7(3) read with section 7(7) of the Credit Bureau Act 2016, its subsidiary, Credit Bureau (Singapore) Pte Ltd (“CBS”), has been licensed by the Monetary Authority of Singapore to carry on a consumer credit reporting business with effect from 1 April 2025.
Formed in 2002, CBS is a joint venture between the Association of Banks in Singapore (“ABS”) and Infocredit Holdings Pte Ltd (“Infocredit”). Infocredit is a subsidiary of Credit Bureau Asia Limited and has another shareholder, Equifax.