KUALA LUMPUR: The nation’s top financial and corporate leaders caught a glimpse of a brighter Malaysian economic future, powered by intelligent digital infrastructure and data interconnectivity, at the launch of trailblazing new financial technology (fintech) firm One Credit yesterday.
Liew Tian Rong, One Credit’s founder and chief executive officer, took the stage to introduce the company’s pioneering digital platform and its game-changing capabilities, highlighting its vision to revolutionise how risk management, KYC or know your customer and credit underwriting processes are done.
“Credit is the bedrock of any modern economy, and Malaysia thrives on credit,” Liew remarked in his address.
“Whether it is a consumer applying for a loan, a business evaluating suppliers or onboarding customers, or a lender assessing credit risk, decision-makers should be able to manage risk effectively, make confident decisions and achieve their financial goals,” he said.
“We are a credit-driven economy, and it is against this backdrop that we’ve built the One Credit platform.”
Operated by One Strategy Group Sdn Bhd, One Credit is described by Liew as a fintech and data intelligence firm as well as “Malaysia’s newest credit bureau”.
The future-forward event demonstrated the powerful potential of today’s technological innovations, from artificial intelligence (AI) emcees guiding the programme and visually captivating AI video presentations to a fleet of tech stations giving guests a chance to test out One Credit’s platform for themselves.
“Every time there’s a new technology shift, whether it’s the advent of mobile, the cloud, or the Internet, there’s a new opportunity for players like us to reimagine how to bring new products and services to market,” Liew enthused to the audience.
As a tech-driven data hub, the platform uses predictive analytics and intelligent decision tools to support informed credit and risk decisions across commercial and personal contexts.
Through One Credit’s state-of-the-art features, banks and businesses can underwrite loans and trade credit more confidently, while also allowing individuals to better understand their financial standing.
The firm’s solutions are designed to help businesses evaluate companies and potential customers before committing capital, offering critical information beyond basic financials such as shareholders, directors, litigation status, and audited financial statements.
Additionally, the platform allows businesses to compare and benchmark customers or suppliers against industry peers to identify higher-quality opportunities.
“We’ve built a recommendation engine that suggests companies to you based on its nature of business, revenue, and geo-proximity to your business,” Liew explained.
Moreover, its live monitoring function gives businesses instant real-time updates on changes in a company, enabling more proactive decision-making.
“Finally, we help companies recover.
“If your debts or credit terms go south, you can contribute to our credit ecosystem, which will affect the credit scores of the individual or company that you submit,” he added.
Built upon a three-tiered foundation of data, intelligence and technology, One Credit combines a wide range of business, credit and contextual data points, reducing reliance on fragmented sources while applying analytics to uncover patterns, risks and relationships.
Equipped with an intelligence-enabled, user-friendly interface, individuals and businesses are able to simplify large data sets to find the relevant information they need, empowering them to make structured, actionable decisions.
“At the same time, growth must never come at the expense of privacy.
“One Credit is built on strict data governance, full Personal Data Protection Act 2010 compliance and high-level security standards, ensuring that every insight we provide is secure, responsible and reliable,” Liew added.
Highlighting the importance of embracing advanced technologies to supercharge the Malaysian business landscape, Malaysian Investment Development Authority chairman Tengku Datuk Seri Zafrul Abdul Aziz was present at the ceremony to officially launch One Credit.
“If you look at today’s global landscape, one truth that is inescapable is that in a world that is run on technology, speed is an advantage,” Tengku Zafrul emphasised in his speech.
“And in a tech- and AI-enabled world, we can no longer afford to be mere consumers of innovation.”
Furthermore, he noted the high number of small and medium enterprises (SMEs) and individuals that, despite being creditworthy, face difficulties due to not having the digital footprint needed for credit checks under the traditional financial system.
“The fastest way to bring this potential to market is to bridge the gap between the underserved and the served, adopting new tools and technologies like AI to support intelligent credit systems,” he said.
“By using sophisticated data analytics to understand the creditworthiness of companies, SMEs are empowered to participate in the economy at a speed that was unthinkable a few years ago.”
“This is how we build an economy that is inclusive.”