FAOM Teams Up with RAMCI to Provide Easier Access to Credit Databy Fintech News Malaysia September 3, 2018
The Fintech Association of Malaysia (FAOM) recently signed an MOU with RAMCI. The agreement will see both parties collaborating in providing preferential rates for RAMCI’s products and services to FAOM’s members. Members of the FAOM will be able enjoy a 20% discount for the first year’s subscription.
RAMCI which is short for RAM Credit Information Sdn Bhd is a credit reporting agency licensed under Ministry of Finance. RAMCI provides credit information and advanced credit scores on individuals and businesses.
Commenting on the partnership Raja Adam Malik, Vice President, FAOM, “We are pleased to take this step forward and strike a partnership with RAMCI to explore how their credit information and scoring products can be utilised by FAOM members.”
He added many of association members who operate within the P2P Lending, remittance and insurtech space will be able to benefit from the preferential rates as a result of this collaboration.
This partnership follows another partnership that FAOM made with Allianz to offer free insurance to its members