Autoriti Monetari Brunei Darussalam (AMBD) signed the Participant Service Agreement (PSA) with Imagine Sdn Bhd (imagine) recently.
The PSA entails the submission and usage of customer credit information to and from the Credit Bureau, AMBD.
Signing on behalf of AMBD was Managing Director Hajah Rokiah binti Haji Badar while imagine was represented by Chief Executive Officer Suzannawati binti Haji Suharju.
The PSA enables imagine to subscribe to the Telco Credit Report, which also contains non-traditional data, and complement the existing banking information. The Telco Credit Report provides information transparency about consumers’ creditworthiness and timely payment behaviour.
It will also assist financial institutions and telecommunication service providers to design new products well suited to their targetted market segment, and promote positive financial behaviour among their customers.
To date, members of the Credit Bureau consists of all the licensed banks, finance companies, and the Islamic trust fund in Brunei Darussalam. Other data providers include Bank Usahawan, the Department of Electrical Services at the Ministry of Energy, the Housing Development Department at the Ministry of Development, and the telecommunication services providers.
For information on the Credit Bureau of AMBD, visit http://www.ambd.gov.bn/birokredit.