- Wll leverage both parties’ solutions to deal with property sector’s requirements
- To promote understanding of credit health & real-estate investment
CTOS Information Systems Sdn Bhd, the wholly owned subsidiary of CTOS Digital Berhad, has signed a memorandum of understanding (MoU) with PropertyGuru Group to collaborate on advancements in property-related technology to revolutionise the digital room of the commercial real-estate business in Malaysia.
In a statement, the credit reporting agency said it has lately been delving into numerous new verticals, with car insurance and tenancy screening having been put into its suite of services offered.
PropertyGuru works Malaysia’s leading residence marketplaces, PropertyGuru. com. my and iProperty. com. my.
CTOS said this collaboration will amplify the venture into the proptech space where the integration of both parties’ innovative solutions and data-driven insights will certainly further address the requirements of the property business.
This includes improving consumers’ and developers’ efficiency as well as effectiveness in making more informed property or home investment decisions, it added.
The MOU furthermore includes collaborations upon wide ranging initiatives like financial literacy where PropertyGuru consumers can get access to free CTOS reports with CCRIS and educational components, it said.
According to CTOS, this partnership will likely promote a clear understanding of the correlation between credit health and investment to offer consumers the opportunity to determine affordability, get the right returns plus assess credit dangers in property purchasing.
Additionally , integrations between two companies will certainly enhance affordability, tenancy and loan eligibility tools not only for consumers but also homeowners and property providers, it added.
Erick Hamburger, group chief executive officer associated with CTOS Digital Berhad, said, “We can pioneer new floor to increase market plus performance insights designed for both parties and our clients, through information, analytics and advancement.
“Furthermore, together we can keep promote our shared goal of escalating financial literacy across the country, ” Hamburger said.
At the same time, Shyn Yee Ho-Strangas, managing director of data and software program solutions at PropertyGuru Group said, “Consumers will be able to make more confident decisions throughout their home journey by having access to real time, accurate and independent data; agents will be able to service their particular customers more effectively and productively. ”