CTOS Digital says they have all relevant licenses needed to create credit rating scores

NST Tue, Mar 12, 2024 06:36pm - 1 year View Original


KUALA LUMPUR: CTOS Digital Bhd today said that they have all the relevant licenses need to provide credit rating scores.

CTOS Digital Bhd group chief executive Eric Hamburger in a virtual briefing earlier said the agency has a license under the Credit Reporting Agency Act of 2010, that is covered under the Act.

"We are allowed to provide credit scoring."

"This is a very regulated industry in which we are audited every year by the regulators, and registrar, that is under the Ministry of Finance," he said.

CTOS Digital's share price closed almost 14 per cent lower at RM1.25 a share today.

Some 247.5 million shares changed hands, making it the most actively traded stock today.

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