UPDATE ON THE DUN & BRADSTREET (“D&B”) AGREEMENTS
Singapore, 1 April 2024:
The Board of Directors (the “Board”) of Credit Bureau Asia Limited (the “Company” or “CBA”) would like to provide the following update:
On 12th June 2023, the Company announced that the “Dun & Bradstreet Singapore Commercial Services Agreement and the Trademark License Agreement, which expired on 31st May 2023, have been extended by Dun & Bradstreet International, while negotiations are ongoing for the extension.”
The Company is pleased to announce that negotiations have concluded and the collaboration with Dun & Bradstreet is renewed for another 5 years with effect from 1st January 2024 covering both the Singapore market and the Malaysia market.
CBA’s symbiotic relationship with Dun & Bradstreet commenced 25 years ago, and since then, CBA non-FI Data business in Singapore and Malaysia have expanded manifold, and CBA is now the market leader in commercial credit and risk information in Singapore and Malaysia, with a global reach through the Dun & Bradstreet Worldwide Network.
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About Credit Bureau Asia Limited (www.creditbureasia.com)
Formed in 2002, Credit Bureau (Singapore) Pte Ltd (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.
CBS is Singapore’s most comprehensive consumer credit bureau bureau that has full-industry uploads from all retail banks and major financial institutions and a data repository of almost 4 million unique entities. CBS aggregates credit-related information amongst its 32 participating members and presents a more complete risk profile of a customer to credit providers, assisting them with the enhancement of their risk assessment capabilities. Credit Bureau (Singapore) Pte Ltd (CBS) is a subsidiary of Credit Bureau Asia Limited (CBA).