Know Your Customer Limited and Credit Bureau Malaysia Sdn Bhd Forge Partnership to Bring Global Real-Time Registry Data to Malaysia


Kuala Lumpur, October 24, 2023Know Your Customer Limited (Know Your Customer) and Credit Bureau Malaysia Sdn Bhd (Credit Bureau Malaysia) have announced a strategic partnership to provide a one-stop know-your-business (KYB) data solution in Malaysia.

In an era where banks have long relied on static databases for their corporate onboarding and periodic review needs, putting themselves at higher risk of non-compliance through unverified and often out-of-date business information, this collaboration heralds an important new standard in KYB compliance.

Under this new partnership, Credit Bureau Malaysia’s clients will gain access to Know Your Customer’s global register network, spanning over 130 countries and providing official company data and documents on millions of companies. This invaluable resource empowers compliance teams to effortlessly map shareholding structures across borders and identify ultimate beneficial owners worldwide, ensuring a more robust due diligence process not only during onboarding, but on an on-going basis through automated periodic reviews flagging material changes in corporate structure or business details sourced from the registry. As a result, compliance teams are empowered to make more informed decisions based on more accurate and current information, with higher protection from the risks and limitations of the traditional databases, such as delays in ownership change reviews.

Credit Bureau Malaysia is one of the leading credit reporting agencies in Malaysia, known for providing valuable credit information on both individuals and businesses. With their extensive range of credit reporting products/services, credit providers (including without limitation, financial institutions) rely on their reports to assist them to make more informed and responsible lending decisions, while individuals and businesses gain better awareness of their own credit history, status and eligibility to be provided with credits through Credit Bureau Malaysia’s reports.

Know Your Customer is a pioneering RegTech provider specialised in next-generation digital onboarding and KYB automation solutions for global financial institutions and regulated businesses. This partnership marks a significant milestone in Know Your Customer’s on-going expansion strategy across Southeast Asia.

Having witnessed the constant evolution of RegTech in the financial industry, we are delighted to work with our partner, Know Your Customer, to increase data efficiency, accuracy and productivity for credit due diligence. Their industry-leading and comprehensive real-time registry network brings valuable support and much-needed global entity data to our extensive range of clients. We very much look forward to being part of the next chapter of their expansion in Malaysia and across the APAC region.

Leong Weng Choong, CEO of Credit Bureau Malaysia

This partnership represents a key milestone in Know Your Customer’s journey of RegTech promotion in the Southeast Asian market. We are delighted that our innovative approach to KYB compliance and business verification is being recognised by Credit Bureau Malaysia and as an organisation we are proud of our contribution to CBM’s essential role in protecting and promoting the local financial system through reliable credit and business data.

Claus Christensen, CEO & Co-Founder at Know Your Customer Limited

Credit Bureau Malaysia favicon

Credit Bureau Malaysia (formerly known as SME Credit Bureau (M) Sdn Bhd) is a credit reporting agency registered under the Credit Reporting Agencies Act 2010. Incorporated in year 2008, Credit Bureau Malaysia is currently jointly owned by Sunway Holdings Sdn Bhd and Credit Guarantee Corporation Malaysia Berhad (CGC), while CGC is in turn jointly owned by the Central Bank of Malaysia and commercial banks.

For more information on Credit Bureau Malaysia, please visit Credit Bureau Malaysia’s website at or follow Credit Bureau Malaysia on LinkedIn at

Know Your Customer is an award-winning RegTech company specialised in next generation business verification solutions for financial institutions and regulated organisations worldwide.

For teams that are struggling with inefficient client due diligence and onboarding processes, Know Your Customer provides a modular compliance solution that combines the most intuitive digital workspace on the market with unmatched real-time registry data, seamless integrations and smart automation to transform the essence of the compliance function at its core. The products’ modular design enables efficient customisation, as clients can select and implement only the functionalities they really need, all available via Rest API.