Intelligent Money launches financial health online tool

From left: CEO of RAMCI, Dawn Lai; Nazri Othman, acting head, group retail banking, RHB Banking Group; Lee Ching Wei, executive director of Intelligent Money Sdn Bhd (iMoney) and Alex Lim Eng Kang, head, group retail distribution, RHB Banking Group, at the launch of iMoney CreditScore on Thursday.

KUALA LUMPUR: Intelligent Money Sdn Bhd (iMoney), a financial technology company, has launched iMoney CreditScore, a user-friendly free online tool which allows Malaysians to check on their financial health.  

Executive Director and Chief Innovation Officer Lee Ching Wei said the tool offered consumers a summary of their financial standing, with personalised tips on ways to improve their credit health and gain access to savings and credit products.  

“We hope more Malaysians will utilise this free tool to see if they are fit enough to apply for credit cards,  loans or to make major purchases such as vehicles or houses,” he said at the launch of the iMoney CreditScore here, on Thursday.

Lee said iMoney was backed by RAM Credit Information and that the online tool included RAMCI's three-digit scoring system to rate the user's credit health.

“The score ranges from 201 (weak) until 781 (strong). The higher the score, the better the chance to obtain bank loans or credit cards,” said Lee, adding that all data and information were private and secure and can only be seen by the user.

He said that the tool was currently available in English while Bahasa Melayu and other languages would be added soon.

In conjunction with the launch, iMoney has partnered RHB Bank to give away 100 Mi Amazfit fitness watch free to consumers who obtain an RHB Easy loan starting from today up to Oct 23, 2018.

“RHB Easy ? Pinjaman Express offers the conditional approval feature, enabling Malaysians to access RHB personal loans via a simple, fast and seamless digital banking experience.

“With this in place, customers will be able to obtain the results of the application the next day via short messaging system,” said Nazri Othman,” acting head, group retail banking, RHB Banking Group. - Bernama