eCCRIS to Digitize and Empower Financial Services & Society

Last week, the Central Bank of Malaysia, Bank Negara Malaysia has introduced a new initiative to digitize its financial services and empower society called eCCRIS which stands for the electronic Central Credit Reference Information System.

In the bank’s statement, the Governor Tan Sri Muhammad Ibrahim said it is the bank’s efforts to expand the scope of the use of its traditional CCRIS report.

He said the report is used not only by borrowers and lenders, but it also include the purposes of individual financial health screening, debt management and settlement activities, as well as screening of job applicants by employers. This development is in line with Bank Negara’s aspiration to see the wider use of credit scores.

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