Sunway plans fintech foray via Credit Bureau Malaysia stake


Sunway Bhd president Datuk Chew Chee Kin said the corporate exercise would enable it to promote financial inclusion for Malaysians and SMEs.

KUALA LUMPUR: Sunway Bhd plans to build a financial technology (FinTech) ecosystem and to secure a digital banking licence with the purchase of a 51% stake in Credit Bureau Malaysia (CBM).

The company said its unit Sunway Holdings was acquiring the stake and upon completion, Credit Guarantee Corporation Malaysia Bhd (CGC) and Sunway Holdings would be the two shareholders of CBM.

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