CTOS Data Systems Sdn Bhd (CTOS), a Malaysia-based credit reporting agency, has joined forces with Maybank Islamic Berhad, an Islamic financial institution in Malaysia, to launch the first of its kind banking-as-a-service (BaaS) initiative.

The duo said in a statement on last Friday that this collaboration aims to empower small and medium-sized enterprises (SMEs) and retail customers by providing personalized, Shariah-compliant financial solutions tailored to Malaysians’ unique needs paired with exciting incentives.

The strategic partnership leverages the combined strengths of both organizations, by integrating CTOS’s cutting-edge credit scoring and risk management tools with Maybank Islamic’s Shariah-compliant banking services.

Together, they create a seamless, customer-centric ecosystem that empowers SMEs and retail customers to make more informed financial decisions while adhering to Shariah principles.

Through this collaboration, CTOS and Maybank Islamic have rolled out complimentary offerings and exclusive offers for SMEs.

Additionally, retail customers can enjoy personalized Maybank Islamic products with attractive incentives.

“Beyond setting an industry-first for a credit bureau to partner with Maybank Islamic, this collaboration marks a crucial first step to incentivizing SMEs in their journey of adopting digital financing, business digitization services, and halal certificate facilitation,

“What’s more, it provides retail customers with tailored solutions that suit the Malaysian lifestyle. We are pleased that this initiative expands the breadth of CTOS’ financial literacy programs, empowering Malaysians with a deeper understanding of credit and risk management,” said Erick Hamburger, Group Chief Executive Officer of CTOS Digital Berhad.

Dr. Muhd Ramadhan Fitri Bin Ellias, Director, Strategic Program of Maybank Islamic, said this partnership with CTOS is a key milestone in the firm’s mission to bring innovative, Shariah-compliant financial solutions to its customers.

“By integrating CTOS’s credit risk management tools with our Islamic banking solutions, we are empowering both individual customers and SMEs to make informed financial decisions, ultimately helping them grow their businesses sustainably,” he added.

Through April 30, 2025, CTOS is rolling out a range of incentives for Maybank Islamic’s SME and retail clients, including free CTOS company reports, CTOS credit manager subscription and halal facilitation services.

According to the statement, this partnership underscores CTOS’ commitment to fostering a more inclusive financial landscape.

By blending banking and credit management solutions, CTOS and Maybank Islamic said they are empowering Malaysians to seize control of their financial destinies.

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