Tag: Credit bureau

Kuala Lumpur, Malaysia – CRIF Group, a global company in credit bureau, business information, and credit risk solutions, has named Nurman Rummel Sanusi as the new chief executive officer for CRIF OMESTI in Malaysia.

In his new role, Rummel will be responsible for growing CRIF’s broad range of information solutions for financial institutions, corporations, and SMEs, including credit reporting and credit risk data and analytics services in Malaysia.

“I am thrilled to have Rummel join the leadership team. He brings a wealth of experience, best practices, and skills which will be instrumental in leading the Malaysia team to drive CRIF’s success in this dynamic country,” Simone Lovati, managing director, Asia at CRIF, said on the appointment.

Rummel joins CRIF from eCOURTS, a division of OMESTI Berhad, where he held the position of chief operating officer. In his eight years of career at eCOURTS, he spearheaded the development and implementation of eCOURTS, the company’s proprietary digital court infrastructure solution.

Speaking on his appointment, Sanusi said that, “I am excited to join CRIF, and am committed to taking the business to greater heights. I look forward to working closely with CRIF Asia’s regional leadership to strengthen and grow the company’s presence and business in Malaysia.”

CRIF OMESTI, a leading credit report agency in Malaysia, is a joint investment between CRIF and technology solutions provider OMESTI, a Malaysia-based publicly listed company.

Manila, Philippines – CIBI, a local credit bureau agency, has announced a partnership with AI and data company ADVANCE.AI to use innovative AI and computer vision technology to expand business intelligence support and services for local businesses in the Philippines.

CIBI, which was first established in 1982, provides data, credit reporting, and information management services and analytics for consumers and business entities. Meanwhile, ADVANCE.AI aims to solve digital transformation, fraud prevention, and process automation for enterprise clients.

Marlo R. Cruz, president and CEO of CIBI said, “As a forward-looking and digital-first organization, CIBI always looks to be one step ahead. This partnership with ADVANCE.AI facilitates our mission to give Filipino businesses easier access to a range of business intelligence services, including credit and data reporting through a more efficient internal system. This marks the beginning of more opportunities for CIBI, as our partners enrich our capabilities and innovations.”

ADVANCE.AI’s holistic suite of products covers three key areas: digital identity verification and eKYC customer onboarding, risk management and digital lending solutions. It is now expanding into markets such as Mexico, UK, Europe, and the US.

Meanwhile, Dong Shou, CEO of ADVANCE.AI, commented: “Our market-leading AI and computer vision technology will allow CIBI to expand its range of critical business data and intelligence reporting solutions, with the ultimate aim of better supporting underbanked and underserved businesses in the Philippines.” 

He added, “This is more important than ever in the current COVID landscape, as we help accelerate the digitalization of the economy, and in doing so, help millions of Filipinos and businesses gain access to new financial products and services.”