PERSATUAN KREDIT KOMUNITI BERSATU MALAYSIA

The Malaysia Credit Community Association (Persatuan Kredit Komuniti Bersatu Malaysia as known as PKKBM) was established in September 2021. It is a nationwide, industrial, and non-profit association registered under Jabatan Pendaftaran Pertubuhan Malaysia. All the KPKT (Kementerian Perumahan dan Kerajaan Tempatan) licensed Money lender companies can apply and join as a member of the PKKBM.

The Principles of PKKBM are as following:
• To comply with the national constitution, economic and financial policies, perform industry self-discipline, rights protection, service, and build communication bridges in accordance with the law to serve the government and members;
• Maintain fair competition in the market;
• Promote the healthy development of national credit companies

As digital technology and financial services become more and more inseparable, digital transformation will be the key to future value growth. In the view of this, the PKKBM association employs the fintech elements on information exchange and business collaboration among the members. At the same time, it has also established an effective communication mechanism among the members, by publishing a list of blacklisted customers, which helps to reduce the credit losses and strengthens the supervision in monitoring the customer credit risk of the members.