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Singapore Commercial Credit Bureau is a leading commercial credit reporting and business information bureau established in Singapore. In 2005, the bureau was officially inaugurated by Dr. Vivian Balakrishnan, then-Minister for Environment and Water Resources at the First SME Credit Bureau Conference held at Raffles City Convention Centre. Since 2005, Singapore Commercial Credit Bureau has catered to the risk management and credit assessment needs to a variety of industries, including financial institutions, IT, telecommunications, moneylenders, automobile, and leasing companies. A full range of business searches and credit information were provided to corporate creditors which served to fill up the existing gaps in market knowledge about the creditworthiness of SMEs in Singapore. This includes registered company information, litigation, bankruptcy, skip tracing, financials and trade payment information. SCCB provides a 24/7 online platform to enable companies to seamlessly extract Commercial Credit Reports and other bureau related functions. Armed with a more concise credit profile of their business partners, companies would be able to assess the creditworthiness of their partners in the course of granting credit, accepting business guarantees or corporate recoveries, as well as better assessing profitable business opportunities. SCCB is positioned as an initiative to move the credit environment into the next step, by getting businesses to adopt information transparency, thus fostering stronger credit responsibility, which in turn encourages lenders to free up more funds for this SME segment. Formerly known as SME Credit Bureau, Singapore Commercial Credit Bureau is a joint partnership between Infocredit Holdings Group and Dun & Bradstreet (NYSE: DNB). Dun & Bradstreet is a Fortune 500 company and the world's leading provider of global, decision-ready business insights for over 174 years. For more information, please visit www.sccb.sg
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Singapore
