00:00Okay, if I can get a quick countdown with everybody.
00:03Three, two, one, get into it.
00:07So, what is One Credit?
00:10The One Credit group is a combination of a technology company,
00:14but also Malaysia's newest credit bureau.
00:18And we're committed to building the future of financial technology for all of Malaysia.
00:24As a credit bureau, as the newest credit bureau of Malaysia,
00:27we generate individual and business credit reports
00:31that help SMEs, help individual consumers, as well as banks,
00:37manage risk and achieve their financial goals.
00:40But beyond that, One Credit is focused on data, intelligence, and technology.
00:47We are to be a technology company,
00:49and we are committed to building the best of technology
00:53and bringing it into your environment,
00:55to bring it into your workflows and your processes.
00:58Credit is the bedrock of any modern economy,
01:00and Malaysia thrives on credit.
01:04Individuals, like you, like me,
01:06we need credit to buy our homes,
01:09to purchase cars,
01:11to buy your sofa from shop before,
01:13if it's a buy now, pay later situation.
01:15Credit cards, financing facilities.
01:18Businesses, we need credit to expand our operations,
01:21to grow our business,
01:23and to engage in trade.
01:24We have many friends today in the audience
01:26who engage in what's called credit terms,
01:28whether it's 30 days, 60 days,
01:31120 days of credit terms, right?
01:32We're all very familiar with this.
01:34And finally, banks.
01:36To our banking community and our banking friends in the audience,
01:39we rely on them to lend to us,
01:41individuals and businesses,
01:43to keep the economy thriving.
01:46It is against this backdrop
01:47that we've built the one credit platform.
01:49The one credit platform is a three-layered cake,
01:52as you could say.
01:53At the bottom, we have data,
01:55we have intelligence,
01:56and then we use technology to wrap all this
01:58to present it to you,
02:00to present it to our customers.
02:01Using data,
02:02we provide you with the data
02:04to evaluate your clients,
02:05your partners,
02:06your potential customers.
02:08Understand who you are working with.
02:10We give you information like
02:11where they work,
02:13who they're working with,
02:13who are the directors and shareholders
02:16of a given company.
02:17We give you the company charges,
02:19shareholder information,
02:21litigation statuses,
02:22and much more.
02:23In fact,
02:24we go beyond basic financials
02:26that you may be familiar with
02:28when you buy such things like SSM information
02:30to give you the audited financials
02:32of a given company.
02:33Once you know who you're dealing with,
02:34the customer,
02:36the client,
02:36or the individual that you'd like to lend to,
02:38we allow you to compare that
02:39across the industry,
02:42benchmark the individual across the industry.
02:43do peer analysis.
02:45We have built a recommendation engine
02:47that suggests companies
02:48based on a company's nature of business,
02:51based on their revenue.
02:52So we recommend companies to you
02:54that can act as peer analysis
02:56or lead generation,
02:57and so on and so forth.
02:58Once you're engaged
02:59with a potential client,
03:00once you're working
03:01with a potential customer,
03:03you now need to monitor them
03:04to make sure that you're proactive
03:06to things that happen
03:07rather than reactive.
03:08So our monitoring platform
03:10allows you to get instant real-time updates
03:12on events,
03:15such as if there's a change in shareholding,
03:18a change in the loan issues,
03:20news announcements.
03:21We give you these real-time updates
03:23so you can be proactive
03:24and manage your portfolios,
03:26your clients,
03:26and so on and so forth.
03:28And finally, recover.
03:29If your debts go south,
03:31if your credit terms go south,
03:32you can contribute
03:33to our credit ecosystem,
03:35which will affect
03:36the credit scores
03:37of the individual
03:38or the company that you submit.
03:41So once again,
03:42four functions.
03:44Evaluate, compare,
03:46monitor, and recover.
03:47I want to share a little bit
03:49about how the one credit platform
03:50is designed to be differentiated
03:52from what you've seen in the market.
03:55At the bottom layer,
03:56we have data.
04:00Now data is the foundation
04:01of all the work
04:03that we do at OneCredit.
04:04And today,
04:05data is most useful
04:07when you combine data sets
04:09across different data silos.
04:10So we combine credit data,
04:13business data,
04:14individual trade,
04:15litigation,
04:16and fraud data together
04:17to give you a holistic overview
04:19of any company
04:21or any individual
04:22that you may be evaluating.
04:23And of course,
04:24the issue here
04:25is at times
04:27when we have humans
04:28and we have humans making errors,
04:30we may be keying in
04:31incorrect information.
04:33Here,
04:34eight could be classified as three
04:36or three could be classified as eight.
04:39Now,
04:39without accurate data,
04:41without up-to-date
04:42and correct data,
04:43we end up making
04:44misinformed decisions.
04:46We make the wrong decision.
04:48And we've actually found
04:49countless,
04:50hundreds and hundreds
04:51of examples
04:52where this happens,
04:53where we have
04:54a misplacement of equity,
04:55share, premium,
04:55and reserves,
04:57unit scaling errors,
04:58missing financial figures,
04:59and much,
04:59much more.
05:00So our commitment
05:02to bring data accuracy
05:05is we've built
05:06a one-credit vision model.
05:08We use visualizations,
05:09graphs,
05:10charts,
05:11AI,
05:12to help explain
05:12what is going on
05:14behind the data.
05:15Finally,
05:16technology.
05:17Technology wraps
05:18the data
05:19and the intelligence
05:20and everything
05:20I've shown you today.
05:21And we're constantly
05:22working towards
05:23bringing the best technologies
05:24in the market today
05:26and bringing that
05:27into your environment,
05:28bringing that into
05:29your workflows
05:29to help your processes.
05:31We're an open platform.
05:32We're looking to work,
05:33of course,
05:33with as many people
05:35as possible
05:35to co-develop,
05:36to co-build together.
05:38And, of course,
05:39thank you all so much
05:40because we've already
05:40worked with many of you
05:41on the above.
05:43And based on
05:44Ron's presentation,
05:45I have no doubt
05:46that one credit
05:48will go far.
05:49And if you look at
05:50today's global landscape,
05:52one truth that
05:54is inescapable
05:55is the fact that
05:57in a world that
05:58is run on technology,
06:01speed is advantage.
06:02And we can see the speed
06:04of what's happening today.
06:07And in the tech world,
06:09in an AI-enabled world,
06:11we can no longer afford
06:12to be a mere
06:13consumers of innovation.
06:16The world has,
06:17I think,
06:18moved past
06:19the digitalization.
06:20That's the era
06:21when we were in
06:22that phase.
06:24But now we are moving
06:25towards
06:25an intelligent phase.
06:28So the race is on.
06:30We need to see
06:31who will define
06:33the next decade
06:33of data
06:34and finance.
06:36So Malaysia
06:37must keep pace
06:38and whenever possible,
06:40lead,
06:41particularly
06:42in this region.
06:52the next decade.
06:52So the race is on.
06:53second decade.
06:53We need to see
Comments