CTOS and SBH Financial to promote financial literacy

CTOS Data Systems Sdn Bhd, a leading credit reporting agency in Malaysia, has recently signed a Memorandum of Understanding with SBH Financial Consultancy, one of the largest professional financial consultancies in the country.

The collaboration aims to promote financial education programs and offer CTOS Score reports and CTOS SecureID to clients of SBH Financial Consultancy. The move is expected to improve the financial health of individuals and businesses while safeguarding them from fraud and scams.

As part of the partnership, SBH Financial Consultancy will join the growing ranks of CTOS partners who promote various financial education programmes. This includes over 400 financial education roadshows and webinars across the country in partnership with Bank Negara Malaysia, the Ministry of Finance, the Employee Provident Fund, Agensi Kaunseling dan Pengurusan Kredit, various government agencies, banks and property developers.

Eric Chin, CEO of CTOS Data Systems, highlighted the importance of educating the public on available resources to improve their credit health.

“As the leading credit reporting agency in Malaysia, our mission is to help empower individuals and businesses to get access to credit, enabling them to have a better future,” said Chin.

SBH Financial Consultancy has been helping individuals and small and medium enterprises (SMEs) assess, review, plan and resolve their debts, aligning with CTOS’ goals to improve financial health. The consultancy has helped clients resolve millions of Ringgit of credit card debt over the past few years and saved many debt-ridden people from the brink of bankruptcy.

Sam Tsen, CEO and Founder of SBH Financial Consultancy, emphasized the company’s mission to improve the financial literacy of all Malaysians.

“We regularly give out free consultations and organise workshops and seminars for both individuals and companies, especially SMEs, to provide them with professional advice in managing their finances,” Tsen said.

CTOS has been carrying out consumer-related financial literacy programs across all segments of society to raise public awareness of the importance of credit health for a better financial future. The partnership with SBH Financial Consultancy is expected to strengthen these efforts by offering clients direct access to CTOS Score reports and CTOS SecureID, which can safeguard them from fraud and scams.

To learn more about credit health or to sign up for the CTOS self-check service, interested individuals can download the CTOS mobile app or visit https://www.ctoscredit.com.my. The partnership between CTOS and SBH Financial Consultancy is expected to help Malaysians improve their credit health and secure their financial future.