CTOS Data Systems Sdn Bhd has partnered with Maybank Islamic Berhad to launch a new Banking-as-a-Service (BaaS) initiative aimed at providing personalized, Shariah-compliant financial solutions for SMEs and retail customers in Malaysia. This collaboration leverages CTOS’s credit scoring and risk management capabilities with Maybank Islamic’s banking services to facilitate better financial decision-making within the framework of Shariah laws.
Through this partnership, CTOS and Maybank Islamic are offering special benefits and exclusive deals for SMEs. Retail customers can also access personalized Maybank Islamic products with great incentives, including a chance to win a trip to Korea (Campaign Period: 16th December 2024 – 30th April 2025).
Erick Hamburger, Group CEO of CTOS Digital Berhad, said “Beyond setting an industry-first for a credit bureau to partner with Maybank Islamic Berhad, 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’ 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.”
Empowering Financial Literacy and Solutions for Businesses
From now until 30 April 2025, CTOS is offering Maybank Islamic’s SME and retail customers:
- A complimentary CTOS company report to gain essential insights into business and partners, applicable for the first 10,000 applicants.
- A two-month complimentary subscription and RM250 cashback for the CTOS Credit Manager, a credit management solution designed to check prospects’ credit profiles, monitor customers’ financial backgrounds, and encourage better repayments to reduce business credit risk, helping save time and costs.
- Complimentary Halal facilitation services worth RM5,000 available for the first 100 SME First Account-i accountholders who register through the Halal2u page on the Maybank2u website.
Promoting Financial Literacy through Personalised Shariah-Compliant Products
From now until 30 April 2025, retail customers can explore a wide range of Maybank Islamic products and enjoy exciting rewards when they purchase a CTOS Score Report. Additionally, they stand the chance to win grand prizes such as a travel voucher for two worth RM10,000, an iPhone 16, and a Dyson Supersonic Hair Dryer.
Participating 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
SMEs are encouraged to check out more information and submit their applications at https://ctoscredit.com.my/business/ctos-x-maybank-sme-campaign/.
Retail customers can also check their eligibility, participation criteria, and tap into the ongoing offer by visiting https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/promotions/maybank_cards/ctos.page.