Acquisition of controlling interest in Malaysian credit bureau ‘RAMCI’

Acquisition of controlling interest in Malaysian credit bureau ‘RAMCI’

Kuala Lumpur, Malaysia, 23 October 2019Experian, the global information services company, is pleased to announce that it has acquired a controlling interest in RAM Credit Information Sdn. Bhd (RAMCI), a leading credit bureau in Malaysia.

 

Founded in 2000, RAMCI is one of the leading consumer and business information bureaus in Malaysia. It provides credit reports, alerts and monitoring, primarily to financial institutions, helping them with credit origination, portfolio management and collections activities. It also has a direct-to-consumer business, empowering consumers to better understand their credit and help protect their identities.

 

Ben Elliott, CEO of Experian Asia Pacific said “The acquisition of a controlling interest in RAMCI further extends Experian’s position in Asia Pacific, adding a fourth credit bureau to our operations in the region. It extends our position in Malaysia, an economy seeing rapid expansion and with a population of 32 million.

 

“Experian has a long history of investment and commitment to Malaysia, given our existing investments in our global delivery centre with its 800 employees, as well as our recent investment in Jirnexu which runs RinggitPlus, Malaysia's leading financial comparison website. By combining Experian’s world leading technology and platforms together with RAMCI’s data expertise and local knowledge, we will better serve consumers and businesses in Malaysia.”

 

This acquisition also marks a key step for Experian in accelerating its market presence in Malaysia, with RAMCI coming on board as Experian Malaysia’s Data arm. Through acquiring a controlling interest, this will fast-track Experian’s overall offering in Malaysia – creating more synergies across its Data and Decisioning portfolio. To better reflect this enhanced proposition in market, RAMCI will be rebranded to Experian over the coming months.

 

RAMCI will be reported within our EMEA/Asia Pacific Business-to-Business segment (under Data).

Read full article

Experian

By Experian 10/23/2019

Related Articles

New Experian credit score may improve access to credit for more than 40 million credit invisibles
New Experian credit score may improve access to credit for more than 40 million credit invisibles

Experian Lift, available for lenders in early 2020, is another step in Experian’s commitment to helping improve the financial health of consumers everywhere.

Learn more
Experian invests in Vserv to enable friction-free digital onboarding experience of consumers for the BFSI sector
Experian invests in Vserv to enable friction-free digital onboarding experience of consumers for the BFSI sector

This investment is in line with Experian’s vision to boost financial inclusion by enabling a friction-free digital on-boarding experience to consumers.

Learn more
Experian brings world-class technology conference to Singapore with inaugural VISION2020 Asia Pacific
Experian brings world-class technology conference to Singapore with inaugural VISION2020 Asia Pacific

VISION2020 Asia Pacific features top senior executives, innovation experts and industry thought leaders; Lewis Hamilton and Sachin Tendulkar will attend as guest speakers.

Learn more