CTOS and Maybank Islamic Launch Pioneering Banking-as-a-Service Initiative in Malaysia

CTOS Data Systems Sdn Bhd (CTOS), Malaysia’s leading credit reporting agency, has joined forces with Maybank Islamic Berhad, a leading Islamic financial institution in Malaysia, to launch the first of its kind Banking-as-a-Service (BaaS) initiative.

This collaboration aims to empower SMEs and retail customers by providing personalised, Shariah-compliant financial solutions tailored to Malaysians’ unique needs paired with exciting incentives.

The strategic partnership leverages the combined strengths of both organisations, 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 personalised Maybank Islamic products with attractive incentives, including the exciting opportunity to a trip to Korea.

Erick Hamburger, Group CEO of CTOS Digital Berhad, said “Beyond setting an industry-first for a credit bureau to partner with Maybank Islamic, this collaboration marks a crucial first step to incentivising SMEs in their journey of adopting digital financing, business digitisation 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.”

Dr. Muhd Ramadhan Fitri Bin Ellias, Director, Strategic Programme of Maybank Islamic, said “This partnership with CTOS is a key milestone in our mission to bring innovative, Shariah-compliant financial solutions to our 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.”

Boosting Businesses with Tailored Financial Tools

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: Available to the first 10,000 applicants, offering critical insights into business partners and prospects.
• CTOS Credit Manager Subscription: A two-month free trial plus RM250 cashback, helping businesses evaluate credit profiles, monitor client finances, and improve repayment rates to minimize risk and costs.
• Halal Facilitation Services: Worth RM5,000, this perk is open to the first 100 SME First Account-i holders registering via the Halal2u page on Maybank2u’s website.

Retail customers can dive into Maybank Islamic’s offerings until April 30, 2025, with added bonuses tied to purchasing a CTOS Score Report. Highlights include the chance to win a RM10,000 travel voucher for two, an iPhone 16, or a Dyson Supersonic Hair Dryer. Eligible products include:

• Maybank Islamic Savings Account
• Maybank Islamic Ikhwan Mastercard Gold Card-i
• Maybank Islamic Ikhwan Mastercard Platinum Card-i
• Maybank Islamic myimpact Ikhwan Mastercard Platinum Credit Card-i
• Maybank Islamic World Elite Mastercard Ikhwan

This partnership underscores CTOS’ commitment to fostering a more inclusive financial landscape. By blending banking and credit management solutions, CTOS and Maybank Islamic are empowering Malaysians to seize control of their financial destinies.

For SMEs eager to learn more or apply, visit: https://ctoscredit.com.my/business/ctos-x-maybank-sme-campaign/. Retail customers can check eligibility and explore the campaign at: https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/promotions/maybank_cards/ctos.page