![]() ![]() ![]() To put simply, when you apply for a loan, the CBS gives the licensed moneylender your credit report. The CBS is a private company established to help financial companies and credit card institutions to evaluate the threats and opportunities of giving credit to possible or current customers. Key Role of CBS on Licensed Money Lender Loan Approval Among CBS founders’ are Citibank, United Overseas Bank (UOB), Development Bank of Singapore (DBS), Oversea-Chinese Banking Corporation (OCBC), American Express, ANZ, Maybank, HSBC and Standard Chartered Bank. It was founded on November 15, 2002, and its key role is to serve as a financial risk management tool for financial institutions. “Know Singapore’s Credit Bureau to Get License Money Lender Approvalĭo you ever wonder how a licensed money lender like banks get the information they need to decide whether they will approve your loan or not? In this article, you’ll know the Credit Bureau Singapore (CBS) role on the moneylenders’ process of lending money.Īssociation of Banks in Singapore (ABS) and DBIC Holdings owns CBS. ![]()
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