- Wll leverage each events’ options to deal with property sector’s wants
- To advertise understanding of credit score well being & actual property funding
CTOS Knowledge Techniques Sdn Bhd, the wholly owned subsidiary of CTOS Digital Berhad, has signed a memorandum of understanding (MoU) with PropertyGuru Group to collaborate on developments in property-related expertise to revolutionise the digital house of the industrial actual property enterprise in Malaysia.
In an announcement, the credit score reporting company mentioned it has currently been delving into quite a few new verticals, with automotive insurance coverage and tenancy screening having been added to its suite of companies supplied.
PropertyGuru operates Malaysia’s main property marketplaces, PropertyGuru.com.my and iProperty.com.my.
CTOS mentioned this partnership will amplify its enterprise into the proptech house the place the combination of each events’ revolutionary options and data-driven insights will additional tackle the wants of the property trade.
This contains bettering customers’ and builders’ effectivity in addition to effectiveness in making extra knowledgeable property funding choices, it added.
The MOU additionally contains collaborations on large ranging initiatives reminiscent of monetary literacy the place PropertyGuru customers will get entry to free CTOS reviews with CCRIS and academic supplies, it mentioned.
In accordance with CTOS, this partnership may even promote a transparent understanding of the correlation between credit score well being and actual property funding to supply customers the power to find out affordability, obtain the proper returns and assess credit score dangers in property buying.
Moreover, integrations between the 2 corporations will improve affordability, tenancy and mortgage eligibility instruments not just for customers but in addition landlords and property brokers, it added.
Erick Hamburger, group chief govt officer of CTOS Digital Berhad, mentioned, “We are going to pioneer new floor to extend market and efficiency insights for each events and our shoppers, by way of information, analytics and innovation.
“Moreover, collectively we are able to proceed to advertise our shared aim of accelerating monetary literacy throughout the nation,” Hamburger mentioned.
In the meantime, Shyn Yee Ho-Strangas, managing director of information and software program options at PropertyGuru Group mentioned, “Customers will be capable to make extra assured choices all through their property journey by getting access to actual time, correct and unbiased information; brokers will be capable to service their prospects extra successfully and productively.”
