CTOS has launched an all-new mobile application that consolidates capabilities from across the CTOS Digital group, providing access to business credit reports, giving users on-demand credit risk management information to support commercial and due diligence decisions.
The company said the app was designed partly to address the tendency among consumers to discover problems with their credit records only when they apply for financing.
As credit standing can influence access to financing, housing and an expanding range of services, the app allows consumers to monitor their credit position continuously rather than relying on a one-off assessment.
Among its features is a comprehensive Credit Report, which provides information including CCRIS data, repayment history, active credit facilities, outstanding balances and legal records.
Its Score Monitoring feature enables users to track monthly changes to their CTOS Score and understand factors influencing its movements. Users can also compare their scores against others within the same age group or nationality for additional context.
The Biz Report function provides information on companies for preliminary assessments and more detailed due diligence, including financial statements, directors and shareholders, as well as litigation history.
Meanwhile, CTOS SecureID provides alerts covering potential dark web exposure, new credit applications, changes in credit limits and address changes, allowing consumers to respond earlier to suspected identity misuse.
The app also incorporates CTOS CreditFinder, enabling consumers to compare credit products offered by different providers, including their respective features and benefits.
Credit reporting services offered through the app, including the CTOS Score and credit reports for individuals and businesses, are provided by CTOS Data Systems Sdn Bhd, the group’s registered credit reporting agency under the Credit Reporting Agencies Act 2010.
CTOS Digital said the launch forms part of its strategy to create a unified digital ecosystem that moves beyond supplying credit reports towards providing intelligence that helps individuals and businesses make better-informed financial and commercial decisions.
