3 hours Ago By Press Release
THE country’s pioneering credit bureau, Cibi Information Inc. signed an agreement with JB Financial Group (JBFG) and Nice Information Service to establish a credit linkage system between the Philippines and South Korea. This collaboration enhances connectivity by allowing Filipino and South Korean nationals to use their home country’s credit information to access financial services abroad.
This partnership eliminates barriers by fostering a more inclusive and streamlined banking experience and enables both Filipinos and South Koreans to navigate financial services with greater ease across borders. Providing access Filipino nationals living in South Korea can leverage their credit information from the Philippines to access financial services, while South Korean nationals in the Philippines can do the same using their home country’s credit data. “By providing access to essential solutions like credit and background reference checks, we are enhancing and supporting cross-border financial access and empowerment of both Filipino and South Korean nationals,” said Pia Arellano, president and chief executive officer of Cibi Information Inc.
in her opening speech at the signing event held in Seoul, South Korea. Partners Nice Information Service, South Korea’s largest credit bureau, offers comprehensive credit histories and financial data, supporting informed decision-making for both individuals and businesses. JBFG, a major Korean financial institution, provides a wide range of services focused on credit ratings, banking and finan-cial inclusion.
“As we launch this partnership, Cibi remains committed to financial empowerment and inclusion,” Arellano added. “Through tools like MyScore and Negative Records, we are helping individuals access credit, understand their financial standing and unlock economic opportunities.” The agreement reflects a shared vision among the three organizations to make financial services more inclusive, accessible and globally connected for nationals of both countries.
/ PR.
