Experian buys controlling stake in RAM Credit

Founded in 2000, RAMCI is one of the leading consumer and business information bureaus in Malaysia.

PETALING JAYA: Global information services company Experian has acquired a controlling interest in RAM Credit Information Sdn Bhd (RAMCI), a leading credit bureau in Malaysia.

The acquisition marks a key step for Experian in accelerating its market presence in Malaysia, with RAMCI coming on board as Experian Malaysia’s data arm, Experian said in a statement posted on its website.

Experian said it expected a controlling interest in RAMCI would enable it to fast-track its overall offering in Malaysia such as creating more synergies across its data and decision-making portfolio.

RAMCI will be rebranded to Experian over the coming months.

Experian Asia-Pacific CEO Ben Elliott said the acquisition of a controlling interest in RAMCI further extended Experian’s position in the region, adding a fourth credit bureau to its regional operations.

“It extends our position in Malaysia, an economy seeing rapid expansion and with a population of 32 million.

“Experian has a long history of investment and commitment to Malaysia, given our existing investments in our global delivery centre with its 800 employees, as well as our recent investment in Jirnexu which runs RinggitPlus, Malaysia’s leading financial comparison website.

“By combining Experian’s world leading technology and platforms together with RAMCI’s data expertise and local knowledge, we will better serve consumers and businesses in Malaysia.”

Founded in 2000, RAMCI is one of the leading consumer and business information bureaus in Malaysia.

It provides credit reports, alerts and monitoring, primarily to financial institutions, helping them with credit origination, portfolio management and collection activities.

It also has a direct-to-consumer business, empowering consumers to better understand their credit and help protect their identities.