CTOS Data Systems Sdn Bhd (CTOS), Malaysia’s leading credit reporting agency, has entered into partnership with Maybank Islamic Berhad, a leading Islamic financial institution in Malaysia, to launch the first of its kind Banking-as-a-Service (BaaS) initiative.
The collaboration aims to empower SMEs and retail customers by providing personalised, Shariah-compliant financial solutions tailored to Malaysians’ unique needs paired with exciting incentives.
The strategic partnership leverages the combined strengths of both organisations, by integrating CTOS’ cutting-edge credit scoring and risk management tools with Maybank Islamic’s Shariah-compliant banking services.
Together, they create a seamless, customer-centric ecosystem that empowers Small and Medium Enterprises (SMEs) and retail customers to make more informed financial decisions while adhering to Shariah principles.
Through this collaboration, CTOS and Maybank Islamic have rolled out complimentary offerings and exclusive offers for SMEs.
Additionally, retail customers can enjoy personalised Maybank Islamic products with attractive incentives, including the opportunity to a trip to Korea during the campaign period from Dec 16, 2024 – April 30, 2025.
Erick Hamburger, Group CEO of CTOS Digital Berhad, said “Beyond setting an industry-first for a credit bureau to partner with Maybank Islamic Berhad, this collaboration marks a crucial first step to incentivising SMEs in their journey of adopting digital financing, business digitisation services and halal certificate facilitation.
“What’s more, it provides retail customers with tailored solutions that suit the Malaysian lifestyle. We are pleased that this initiative expands the breadth of CTOS’ financial literacy programs, empowering Malaysians with a deeper understanding of credit and risk management.”
Dr Muhd Ramadhan Fitri Ellias, director, strategic programme of Maybank Islamic, said “This partnership with CTOS is a key milestone in our mission to bring innovative, Shariah-compliant financial solutions to our customers.
“By integrating CTOS’ credit risk management tools with our Islamic banking solutions, we are empowering both individual customers and SMEs to make informed financial decisions, ultimately helping them grow their businesses sustainably.”
Empowering financial literacy and solutions for businesses
From now until April 30, 2025, CTOS is offering Maybank Islamic’s SME and retail customers:
- A complimentary CTOS company report to gain essential insights into business and partners, applicable for the first 10,000 applicants.
- A two-month complimentary subscription and RM250 cashback for the CTOS Credit Manager, a credit management solution designed to check prospects’ credit profiles, monitor customers’ financial backgrounds, and encourage better repayments to reduce business credit risk, helping save time and costs.
- Complimentary halal facilitation services worth RM5,000available for the first 100 SME First Account-i accountholders who register through the Halal2u page on the Maybank2u website.
Promoting financial literacy through personalised Shariah-compliant products
From now until April 30, 2025, retail customers can explore a wide range of Maybank Islamic products and enjoy exciting rewards when they purchase a CTOS Score Report. Additionally, they stand the chance to win grand prizes such as a travel voucher for two worth RM10,000, an iPhone 16 and a Dyson supersonic hair dryer.
Qualified banking products under the campaign include Maybank Islamic Savings Account, Ikhwan Mastercard Gold Card-i, Ikhwan Mastercard Platinum Card-i, myimpact Ikhwan Mastercard Platinum Credit Card-i and World Elite Mastercard Ikhwan.
The collaboration is a testament to CTOS’ pivotal role in paving the way for a more inclusive financial future. By combining banking services and credit management solutions, CTOS and Maybank Islamic are working to empower SMEs and retail customers, helping them take control of their financial futures with confidence.
SMEs are encouraged to check out more information and submit their applications at https://ctoscredit.com.my/business/ctos-x-maybank-sme-campaign/.
Retail customers can also check their eligibility, participation criteria and tap into the ongoing offer by visiting https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/promotions/maybank_cards/ctos.page.
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