CTOS Data Systems Sdn Bhd, the wholly owned subsidiary of CTOS Digital Berhad, inks mou with prominent fintech platforms namely MoneyX, PAYLATER, iMoney, KawanPay, and Atome, to offers its credit scoring access to consumers via the platforms’ userbases.
The company said one of the key benefits of these partnerships is the facilitation of improved financial literacy among consumers. Through educational initiatives and tools integrated into the partner platforms, users will gain a deeper understanding of their credit standing, including the factors influencing credit scores and best practices for managing credit responsibly. This initiative aims to equip consumers with the knowledge and resources needed to navigate the financial landscape confidently.
Commenting on the significance of these partnerships, Chiam Hsing Chee, Group CFO of CTOS Digital, emphasised the importance of leveraging fintechs, e-commerce and e-wallet platforms to empower consumers with the right tools and knowledge for financial decision- making. “Globally, fintechs, e-commerce and e-wallets have transformed the way consumers manage their finances. At CTOS, we are committed to leveraging these platforms to empower as many people as possible with access to their credit health,” said Chiam. “Our partnerships with these leading fintech platforms will enable millions of users to conveniently and seamlessly access and understand their credit health, marking a significant step forward in our mission to promote financial inclusion and literacy.”
