Subang Jaya, May 21, 2024 – Credit Bureau Malaysia Sdn Bhd (CBM) and TDecision Malaysia Sdn Bhd (TrustDecision) are exploring a collaboration to help individuals better understand their credit health.
Understanding credit health is essential for making informed financial decisions. By providing access to more detailed credit reports, CBM and TrustDecision aim to empower Malaysians with the knowledge they need to navigate their financial landscape. TrustDecision enhances its offering with advanced device security and account credential data leak detection. In today’s digital age, where cyber threats are on the rise, these features are crucial to ensuring that users’ devices are secure from malware and other threats, protecting sensitive financial information. Additionally, it helps monitor any breaches that might expose personal and financial data, enabling users to take prompt action to mitigate risks.
The proposed initiative between CBM and TrustDecision aims to bring several benefits to the nation. By making credit reports more easily accessible, Malaysians can become more aware of their credit health. Regular monitoring and updates can help detect fraudulent activities early, minimizing potential damage. With detailed insights into their credit history, individuals can better plan their finances and work towards improving their financial health.
The proposed initiative emphasizes the importance of making credit reports more accessible, providing convenience and essential tools to Malaysians to improve their financial standing, regardless of their financial background. Increasing financial literacy is crucial for individual empowerment and overall economic health. It leads to more responsible borrowing, higher saving rates, and better investment decisions.
Financially literate individuals are less likely to fall victim to fraud and are more capable of navigating economic challenges.
This significant step towards building a stronger and more resilient economy underscores a commitment to providing Malaysians with better protection against potential risks and securing their financial future. The collaboration between CBM and TrustDecision aims to make a lasting impact on financial literacy and security in the country.
