Academic Years 2025 to 2028

Credit Bureau Singapore Data and Business Analytics Project Award

The Credit Bureau Singapore Data and Business Analytics Project Award is established to reward the most outstanding projects in the 40.011 Data and Business Analytics course offered by the Engineering Systems and Design pillar.

Eligibility

Students must be enrolled in the 40.011 Data and Business Analytics course offered by the Engineering Systems and Design pillar.

Benefit of award

A cash prize of S$2,500.

Selection

Selection of the winning team will be made by faculty teaching the course at the end of the term.

THIS AWARD IS MADE POSSIBLE BY:

Credit Bureau (Singapore) Pte Ltd (CBS), a subsidiary of Credit Bureau Asia Limited (CBA), is Singapore’s most comprehensive consumer credit bureau that has full-industry uploads from financial institutions such as retail banks, merchant banks, finance companies and credit card issuers licensed by the Monetary Authority of Singapore (MAS). It is a joint venture between The Association of Banks in Singapore (ABS) and Infocredit Holdings Pte Ltd.

The setting up of a consumer credit bureau in Singapore is a significant addition to enhance the Republic’s risk management capability. Since 2002, the Banking Act, administered by the Monetary Authority of Singapore, has allowed CBS members to disclose and obtain credit-related information to mitigate consumer credit risk through information pooling from CBS. From 2021, credit bureaus that conduct consumer reporting businesses in Singapore, such as CBS, are regulated under the Credit Bureau Act 2016.

To do this, CBS aggregates credit-related information amongst participating members and presents a more complete risk profile of a customer to credit providers. This helps credit providers to determine the likelihood of the customer repaying, thus enhancing their risk assessment capabilities. Our goal is to also to educate and reach out to the wider community on the importance of credit reputation.

CBS has also been designated by the Ministry of Law as the operator of the Moneylenders Credit Bureau (MLCB) under Section 30D of the amended Moneylenders Act.

MLCB is a central repository of data on borrowers’ loans and repayment records with all licensed moneylenders (LMLs) in Singapore. It will allow LMLs to assess the creditworthiness of borrowers and make informed decisions when granting loan applications. MLCB will also help borrowers to understand their loan information report so as to work towards achieving better financial health.