SEE:Founders of Raffles Medical Group and Credit Bureau Asia raise respective stakes
“Institutions wishing to conduct a lending business are required by the Monetary Authority of Singapore (MAS) to make enquiries with a credit bureau prior to commencing operations,” they explain. Given CBS’s long-spanning track record of 18 years, the analysts say the company has clear headway in terms of data collection, making barriers to entry into the Singapore CRIS space high for new players.