October 9, 2024, Subang Jaya – Credit Bureau Malaysia (CBM) has signed a Memorandum of Collaboration with Singapore-based company, Confirmis Holdings Pte Ltd (Confirmis), to enhance parties’ global business verification and due diligence offerings.
By combining their strengths, CBM and Confirmis aim to elevate the quality of credit reporting while expanding the scope of global business verification. This partnership will offer businesses with more robust tools to assess potential partners, enabling businesses to make informed decisions by exposing any potential risks.
Both companies share a commitment to fostering responsible business practices and financial transparency, while also striving to increase awareness about the value of verified data in today’s interconnected business landscape.
About Credit Bureau Malaysia Sdn Bhd
Credit Bureau Malaysia Sdn Bhd (CBM) is a credit reporting agency registered under the Credit Reporting Agencies Act 2010 and regulated by the Registrar of Credit Reporting Agencies under the Ministry of Finance.
Since its inception in 2008, CBM has been committed to advancing financial literacy across Malaysia. Through a comprehensive range of products and services, including bespoke solutions tailored to individual and business needs, CBM empowers Malaysians to make more informed decisions in navigating their financial profiles.
For more information on Credit Bureau Malaysia, please visit Credit Bureau Malaysia’s website at https://creditbureau.com.my or follow Credit Bureau Malaysia on LinkedIn at https://www.linkedin.com/company/creditbureaumy/
About Confirmis Holdings Pte Ltd
Confirmis (www.confirmis.com) is a Singapore-based business information provider specialising on connecting businesses with global capabilities; comprises of industry veterans, Confirmis business model is designed to overcome perennial lack of data (let alone quality data) to support effective decision making, particularly in developing economies.
Confirmis’ core capability lies in its vast global network of trained site verifiers with more than 3,000 qualified personnel on the ground (of which 2,000 in Southeast Asia). Confirmis Uberised” the industry (first in Southeast Asia) by conducting site visit interview which increases success rate (more & relevant data = superior quality) by 30%+ vs conventional telephone interview practiced by other industry players. As part of vital company risk assessment, Confirmis also capture visual which presents a powerful ‘data’ to evaluate business’ viability, not only it serves the purpose of verifying the existence of businesses but also provides snapshot on the ‘condition’ of its operations, a critical Know-Your-Customer (KYC) component.
