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https://www.experian.com.sg/experian-appointed-to-operate-singapores-buy-now-pay-later-bureau?cmpid=edm_edm_org_experianconn...
Submission: On December 21 via api from SG — Scanned from DE
Submission: On December 21 via api from SG — Scanned from DE
Form analysis
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Text Content
* Contact Us * Careers * Global Sites * Credit & Information Services * * Back * Experian Bureau * * Back * Experian Bank Bureau * Experian Non-Bank Bureau * Business Information * Consumer Information * Debt Collection Services * Startup & SME Business Advisory * Decisioning & Analytics * * Back * Customer Acquisition * Customer Management * Strategy Management * Advanced Analytics & Modelling * * Back * Credit Scoring Models * Regulatory Compliance Advisory * Business Analytics Consultancy * Data Quality Assessment * Collections Analytics * Data Analytical Platform * Telco Decisioning & Analytics * Consumer Credit Reports Search * Credit & Information Services * * Experian Bureau * * Experian Bank Bureau * Experian Non-Bank Bureau * Business Information * Consumer Information * Startup & SME Business Advisory * Decisioning & Analytics * * Customer Acquisition * Customer Management * Strategy Management * Advanced Analytics & Modelling * * Credit Scoring Models * Regulatory Compliance Advisory * Business Analytics Consultancy * Data Quality Assessment * Collections Analytics * Data Analytical Platform * Telco Decisioning & Analytics * Consumer Credit Reports * Contact Us * Careers * Global Sites Search EXPERIAN GLOBAL SITES AMERICA * Argentina * Brazil * Canada * Chile * Colombia * Mexico * Perú * United States ASIA PACIFIC * Australia * China * Hong Kong * India * Indonesia * Japan * Malaysia * New Zealand * Singapore * South Korea * Taiwan * Thailand * Vietnam EUROPE * Austria * Belgium * Bulgaria * Czech Republic * Denmark * Finland * France * Germany * Greece * Ireland * Italy * Netherlands * Poland * Russia * Spain * Sweden * Switzerland * United Kingdom MIDDLE EAST & AFRICA * South Africa * United Arab Emirates Nov 24 2022 / Experian EXPERIAN APPOINTED TO OPERATE SINGAPORE’S “BUY NOW, PAY LATER” BUREAU * The official appointment by the Singapore FinTech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group involves Experian’s technological infrastructure to facilitate creditworthiness checks for consumers with users’ credit information submitted by all accredited BNPL players in Singapore. * Formed by SFA and industry players including Atome, Grab Financial Group and ShopBack, the BNPL Working Group has also launched its BNPL Code of Conduct to protect consumers and ensure that BNPL offerings will continue to benefit the ecosystem. SINGAPORE, 24 November 2022 - Experian - a leading global information services company – has announced its official appointment by the Singapore FinTech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group as the bureau operator for Singapore’s BNPL Working Group. The appointment involves Experian’s leading global expertise to operate the BNPL bureau in Singapore with all accredited BNPL players sharing users’ credit information – such as outstanding BNPL balances, missed payments and delinquencies – to facilitate creditworthiness checks by Experian. The information will be leveraged by accredited BNPL players in providing BNPL services in accordance with the recently announced BNPL Code of Conduct. The BNPL Code of Conduct was launched on 20 October 2022 by the BNPL Working Group, which was formed by SFA and industry players including Atome, Grab Financial Group and ShopBack. The Code of Conduct sets out guidance for BNPL service providers in Singapore to protect consumers and ensure that BNPL offerings will continue to benefit the ecosystem. “We are very excited to be appointed by BNPL Working Group to provide the technological infrastructure for the BNPL Working Group and showcase Experian’s technology and expertise in the field. We’ve been operating BNPL bureaus in the United States and the United Kingdom, and this would be the first step in bringing our global expertise into the region,” said Maria Liu, Managing Director, Experian Greater China and SEA. “The launch of the BNPL Code, which sets out clear guidelines and standards for consumer protection, represents a significant step forward within the industry to ensure that BNPL offerings continue to benefit the ecosystem. To succeed in our mandate, we recognise the importance of working with different facets of the industry, which is why we are delighted to partner with Experian to facilitate creditworthiness checks for consumers and ensure that consumers’ interests continue to be prioritised,” said Mr Shadab Taiyabi, President of SFA. Kabir Khanna, General Manager, Experian Credit Services Singapore added, “Advocating for consumer affordability has always been at the core of our business and we are looking forward to working closely with SFA to tackle the issue of credit stacking among BNPL users. Along with the BNPL Code of Conduct, we believe that this will safeguard our consumers against credit risks and foster greater trust and transparency between BNPL providers and the customers they serve.” Moving forward, Experian looks to roll out a series of knowledge sharing engagements for all accredited BNPL players in Singapore. This aims to bring global best practices from Experian’s BNPL bureau in the United States and the United Kingdom to Singapore and the region. Read full article By Experian 11/24/2022 Share : PREVIOUS Experian Named to Top 10 in IDC FinTech Ranking... By Experian 09/15/2022 RELATED ARTICLES Experian Named to Top 10 in IDC FinTech Rankings Top 100 Experian has ranked #9 on the newly announced 2022 IDC FinTech Ranking, jumping from its previous position at #11. The FinTech Rankings is an annual ranking which highlights the top… Learn more One in four consumers have fallen victim to online fraud in Asia Pacific Consumers surveyed in six APAC markets are most vulnerable to online fraud on social media sites, a new Experian report shows Learn more Mobile wallet use rivals traditional payment methods in APAC APAC consumers continue to embrace online experiences as economies learn to co-exist with the pandemic, but businesses still need to improve their digital experience to retain consumer trust, Experian report… Learn more Discover * About Experian * Careers * Experian Insights * Investor Relations * Awards and Recognition Media * Press Room Help & Support * Resources * Contact Us © 2017 - 2022 Experian Singapore Pte Ltd. All rights reserved. Terms of Use & Privacy Statement Stay connected DP Information is now Experian. Find out more at experian.com.sg/dp-rebrand DP INFORMATION IS NOW EXPERIAN. WE ARE EVOLVING OUR BUSINESS TO BETTER PARTNER YOU FOR SUCCESS. You can continue to find all your dpgroup.com.sg services here at experian.com.sg, and access to questnet.sg will remain unchanged. Find out more at experian.com.sg/dp-rebrand Login Username Password Please enter an answer in digits: eight + eight = Enter something special: Remember Me Lost your password? Reset Password Username or E-mail: Log in