CTOS and Nikkei sign MOU to develop news monitoring service

KUALA LUMPUR, 10 January 2023 – CTOS Digital Berhad (CTOS) has recently signed a Memorandum of Understanding with Nikkei Inc. (Nikkei), one of the world’s largest business media groups, headquartered in Japan.

The goal of the new collaboration is to promote the effective utilization of corporate data and news, provided by the two parties. Both parties will develop a news monitoring service on CTOS platforms via scoutAsia. CTOS and Nikkei will also explore the opportunity to power Nikkei products & platforms using CTOS’s global business and information.

ScoutAsia is an Asia-focused news & company data platform, jointly developed by Nikkei & the Financial Times with the goal of enabling customers to make more informed decisions. Combining content and technologies, scoutAsia provides real time AI-driven insights related to businesses in Asia.

“Data and analytics are at the core of everything that we do at CTOS. Being able to expand the types of data that we can offer our clients, while simultaneously increasing the reach of our services across Asia with Nikkei is an important step forward for us in the region,” commented Eric Hamburger, Group CEO of CTOS Digital Berhad.

CTOS Digital Berhad is the holding company of ASEAN’s leading credit reporting agencies, namely CTOS in Malaysia, and BOL in Thailand. The Group offers a broad suite of innovative digital products and credit risk management solutions and services.

CTOS solutions and services are widely used by local and international banking and financial institutions, insurance and telecommunication companies, large corporations, SMEs as well as Malaysian consumers for self-check.

Toshio Machida, a Managing Executive Officer at Nikkei Inc,. said: “Nikkei has been investing actively in Asia, developing technologies and building partnerships with best-in-class global information providers. We are thrilled to collaborate with CTOS to explore new ways of providing customers with business insights.”