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CREDIT MANAGEMENT SERVICES |
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Corporate Credit Rating & Consumer Scoring |
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Consumer & Corporate Credit Bureau |
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Debt Recovery & Account Receivables Management (genuity!) |
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Survey Management & Analysis |
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CORPORATE CREDIT RATING (DP CREDIT RATING) & CONSUMER SCORING |
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Credit decisions can be enhanced through the predictive rating and scoring services from DP Info Group. From acquisition of new customers to account management and right through to implementation and management of marketing programmes, you can rely on DP Credit Rating and DP Info's consumer scoring solutions to make more profitable decisions at all stages of the credit life cycle.
DP Info Group has developed the DP Credit Rating engine for corporate credit risk assessment based on the Altman Z-Score approach. We work with the Singapore Chinese Chamber of Commerce and Industry (SCCCI) to generate the credit ratings for its members. We also produce an SME Credit Rating website, listing companies and their credit ratings.
On the consumer risk assessment front, we work in partnership with Experian ®, our stakeholder, on the DP-Delphi consumer scoring solution, a service to facilitate the risks and rewards of commercial and financial decisions.
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CONSUMER CREDIT BUREAU (DP CREDIT BUREAU) |
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DP Credit Bureau Pte Ltd (DPCB) was recognised by the Monetary Authority of Singapore (MAS) as a credit bureau for the purposes of the Third Schedule to the Banking Act on 25 May 2007.
DPCB will help Singapore’s banks and financial institutions make better lending decisions by providing comprehensive information on an applicant’s payment history and credit standing.
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>> Go to DP Credit Bureau Website
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SME/COMMERCIAL CREDIT BUREAU |
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DP Info Group operates an SME/Commercial Credit Bureau, a neutral entity that collates payment information of companies and businesses, developing a common information-sharing platform.
Challenges Of Today's Credit Information
Traditionally, corporate usually depend on basic financial information and litigation checks to determine a company's credibility. Due to the evolution of information technology, the usual credit check on background information can no longer provide sufficient information to evaluate your clients.
Development Of DP Credit Bureau
The emergence of credit bureaus in developed countries like the USA and UK arose from the need to manage credit risk through information sharing and more detailed information to enhance credit evaluation.
DP Info Group has taken the initiative to establish a formal information-sharing platform to improve the credit transparency in Singapore. In May 2002, DP Info has set up DP Credit Bureau (DPCB) to benefit all corporations in Singapore.
OBJECTIVES OF DP CREDIT BUREAU
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Shares the payment behaviour of borrowers in a formal sharing platform |
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To enable access of information on potential strong/weak payments/behaviour |
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To manage credit risks through information sharing |
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Foster more responsible payment behaviour by debtors |
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Enhance credit information as more collaborate/participate |
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BENEFITS OF DP CREDIT BUREAU
The usual background checks reveal information such as litigation pending against individuals or companies, but it does not reveal whether the company or individual has been or would be a good or bad paymaster.
With the establishment of DP Credit Bureau , participating member can have a complete analysis of their debtors including their payment history and benefited in the following ways:
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Manage Credit Risk on a timely basis as the payment information is updated on a monthly basis |
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Enhance Credit Evaluation Process as more information is provided to assess clients' credibility |
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Reduce Bad Debts Rate significantly through identification of bad paymasters |
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Save Cost on performing different searches as DP Credit Bureau Searches provide basic essential information in a single search |
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AVAILABILITY
DP Credit Bureau is easily accessible through Internet. It provides greater convenience to Members who can have access to the information 24 hours a day and even when they are overseas. Members will be assigned unique user ID and password to log on to www.1questnet.com to conduct their Credit Bureau searches.
CONFIDENTIALITY / SECURITY OF INFORMATION
Being an independent entity, DP Credit Bureau shall oblige to non-disclosure of its sources and would have a strict code of confidentiality, which serves as protection for its members. DP Credit Bureau uses encryption during data transmission, with unique user ID and password access to secure it against interception and alteration.
>>Frequently Asked Questions on DP Credit Bureau
DEBT RECOVERY & ACCOUNTS RECEIVABLES MANAGEMENT
We help multi-nationals, SMEs and financial institutions manage their accounts receivables portfolios. We are particularly strong in the financial services and retail services sector. Our A/R management team profiles your portfolio returns, implementing credit risk and control tools to increase the profitability and returns from your clients.
As one of Singapore’s most experienced debt management agencies, we assist corporations recover domestic and international debt. We have one of the nation’s largest debt collection network, with experienced professionals in tele-calling and personal visits. Our success is particularly grounded in telecommunications, finance and healthcare sectors.
Additionally, we have in-house developed online debt management systems that allow clients to access their portfolios in real time, providing greater access, updates and controls on debt portfolios.
DP Info Group has also developed a software debt and A/R solution that can be implemented into your existing systems. Called “genuity!”, it is a software system that has the ability to access real-time information and data on companies and individuals, allowing you to monitor their credit and litigation status.
Click Here for more information about genuity!
SURVEY MANAGEMENT & ANALYSIS
DP Info Group develops and manages market surveys for a broad variety of corporations, institutions, associations and government bodies. We produce customised survey questionnaires and reports tailored to the requirements of our clients.
Independently, we run the annual 'SME Development Survey' that identifies the concerns, sentiments and growth concerns of one of Singapore's largest business segments, the SME community. We are also the title producers for the ‘Start-up Enterprise Survey of Singapore’ (STEPS) alongside the Action Community for Entrepreneurship (ACE)
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