Myanmar Credit Bureau signed credit bureau software license, installation and consultancy and support agreements with American-based Equifax New Zealand Services and Solutions at Zabuyit Shwe Sin Hall of Myanmar Banks Association Building on December 10. At the ceremony, Soe Thein, Deputy Governor of the Central Bank of Myanmar, delivered the opening speech, elaborating on the laws, rules, instructions and directives that will guide, supervise and regulate Myanmar Credit Bureau to be successfully implemented.
Yu Lwin, Vice Chairman of Myanmar Banks Association and Managing Director of Myawaddy Bank, spoke about supporting and the necessary guideline on behalf of Myanmar Banks Association while delivering his greeting speech. William Lim, Director of Myanmar Credit Bureau also discussed the Credit Bureau Implementation Project Timeline and Product Roadmap to be provided. Shahid Charania, Director of Equifax introduced Equifax Company and shared their success stories from other countries. The ceremony was concluded with Zaw Lin Aung, Chairman of Myanmar Credit Bureau and Managing Director of Kanbawza Bank, having delivered a thank you speech and said the attendants to co-operate for the successful implementation of Credit Bureau. F o r t h e c a p a b i l i t y o f i n i t i a l implementation, Myanmar Credit Bureau received “Credit Information Reporting License” from the Central Bank of Myanmar on May 17. In order to be able to execute within the set time frame, it has been set to employ the required professional and experienced human resources. Credit information reporting services will commence within nine to twelve months from the date of signing.