Kuala Lumpur, 24 December 2021 – JurisTech has entered into a conditional share sale and purchase agreement with CTOS Digital Berhad for the proposed sale of 49% equity interest of the company. 

Aligned with the announcement made on Bursa Malaysia, we are excited to announce the potential partnership with CTOS Digital Berhad. CTOS Digital Berhad (CTOS) is the holding company of CTOS Data Systems Sdn Bhd, the leading credit reporting agency in Malaysia. CTOS offers a broad suite of innovative digital products and their solutions are widely used by banks, financial institutions, telcos, insurance companies, SMEs, and many other firms. 

We believe that with CTOS onboard, we are on the right trajectory to create revolutionary and innovative software solutions for the financial industry. As our vision is to create amazing solutions, to build and enrich lives, we want to leverage CTOS’ capabilities such as market presence, clientele, digital products and workforce to drive the company forward to greater heights.

Photo Credit: CTOS Digital Berhad

“We want to revolutionise the way financial transactions are done. In the future, we see banks, financial institutions, fintech companies and any institution wanting to embed finance into their offerings move from being product-focused to becoming more service-centric, where user experience can be hyper-personalised and services can be composed based on the contextual needs of each individual customer. This is only possible if technology is combined with data and the right ecosystem to create value towards the customer experience. This partnership with CTOS Digital will propel us to fulfil our vision of delivering frictionless financial transactions and drive greater financial inclusion and technology innovation in credit decisioning.” said See Wai Hun, co-founder and CEO of JurisTech.

We are looking forward to completing the transaction and officially welcome CTOS onboard. 

Photo Credit: CTOS Digital Berhad

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About JurisTech

JurisTech (Juris Technologies) is a leading Malaysian-based fintech company, specialising in enterprise-class software solutions for banks, financial institutions, and telecommunications companies in Malaysia, Southeast Asia, and beyond. Founded in 1997 amidst the Asian financial crisis, JurisTech’s contributions and drive to revolutionise the financial industry in Malaysia has garnered numerous awards, including Best Innovation and Best Use of Technology from Star Outstanding Business Awards.

JurisTech’s founders were recognised globally as high-impact entrepreneurs when they were selected to be part of Endeavor, a non-profit organisation in 2014, and CEO See Wai Hun was named EY Woman Entrepreneur of The Year 2019 in Malaysia. Living by the motto, “The right software, exceptionally delivered”, it is the main driver of the company’s growth, success, and achievements.

JurisTech Website: JurisTech.net

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About CTOS Digital Berhad  (Formerly known as CTOS Holdings Sdn Bhd)

CTOS Digital Berhad is the holding company of CTOS Data Systems Sdn Bhd, the leading Credit Reporting Agency in Malaysia. It also has 22.65% stake in Business Online Public Company Limited (BOL), the leading credit information and risk management provider in Thailand. Founded in 1990, the Group offers a broad suite of innovative digital products and credit risk management solutions and services which gives it a solid platform to thrive not just in credit reporting, but also in digital credit decisioning across Southeast Asia.

With a broad suite of innovative products and services developed in Malaysia over the company’s 30-year history, the Group’s digital solutions are widely used by the country’s banking and financial institutions, insurance and telecommunication companies, large corporations, SMEs, legal firms, statutory bodies as well as consumers for self-checks.

The Group provides solutions across three core customer segments – the Key Account segment, which includes a significant number of leading financial institutions and corporates; the Commercial segment, which includes a growing number of small-and-medium-sized businesses; as well as over 1.4 million individual customers registered with CTOS ID in its Direct-to-Consumer (D2C) segment.

CTOS Digital Berhad’s mission is to empower individuals and businesses with the confidence to make sound credit decisions through access to data and insights at greater ease and speed, leading the community to better financial health. While its vision is to make Malaysia a centre of excellence for credit reporting in ASEAN.  

CTOS Digital Berhad’s Website: www.ctosdigital.com 

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The acquisition allows both companies to expand their services and solutions to drive a common goal – improving the financial well-being of consumers

Kuala Lumpur, 26 August 2020 – JurisTech (Juris Technologies), a fintech company, has announced today its acquisition of iMoney.

JurisTech is a leading Malaysian-based fintech company, specialising in enterprise-class software solutions for banks, financial institutions, insurance providers, and telecommunications companies in Malaysia, Southeast Asia, and beyond.

“With the world heading towards digital banking, banking is no longer just a transactional business but also an end-to-end experience for consumers, from education to a holistic user experience. We are delighted to have iMoney join us in our journey to expand our innovation by offering beyond just enterprise solutions to our clients. We are now poised to bring more value by offering a more holistic end-to-end solution to our clients. From marketing, to onboarding consumers digitally, to providing immediate decisioning through artificial intelligence (AI) and straight-through processing, JurisTech and iMoney will help elevate and shape the future of the financial services industry,” said See Wai Hun, co-founder and CEO of JurisTech.

“It has been an incredible and satisfying journey in the past eight years empowering consumers to make intelligent decisions on money matters. We are proud that our team has grown and expanded our expertise to help our partners in the banking and finance industry to collaboratively educate consumers in their personal finance. Now, as part of JurisTech, we are excited to bring more enhanced capabilities to our clients and continue to serve our customers with impactful content and services. With the technology capabilities of JurisTech, we can now provide a better experience to consumers including more refined product matching capabilities and improvements in customer journey to make applying financial products easier,” said Lee Ching Wei, founder of iMoney.

iMoney’s websites and services are leveraged by millions of consumers in Malaysia, and since its inception, the iMoney Learning Centre has become the household guide for all generations to educate themselves on personal finance. It also serves as a platform for some of the largest banks, insurance companies, takaful operators and government bodies, to reach consumers and educate them on money management and financial products.

“We realise our consumers deserve to understand and learn more about any financial products before applying or investing in them. By offering financial marketing services to our partners, we are able to make a bigger impact in educating Malaysians on banking and financial products,” added Lee.

iMoney started out offering advertising on its website and other digital assets and content marketing services to its partners, but due to demand from its partners, it has extended its offerings to cover financial services marketing. This includes marketing services such as brand and marketing campaigns, creative services, content marketing, digital marketing as well as social media campaigns and content.

“iMoney is already a well-known brand in Malaysia for its efforts in lifting the financial well-being of Malaysians. Bringing the two businesses together gives us a fantastic platform to offer complete solutions for both B2B and B2C partners in the finance and banking industry. The iMoney and JurisTech teams are already working closely together and sharing their expertise in technology and financial services marketing,” said See.

Faster loan approvals and accurate matching of the right financial products for consumers can only be achieved with superior technology coupled with consumer know-how. Together, the two businesses are set out to transform and revolutionise the financial services industry.

About JurisTech

JurisTech (Juris Technologies) is a leading Malaysian-based fintech company, specialising in enterprise-class software solutions for banks, financial institutions, and telecommunications companies in Malaysia, Southeast Asia, and beyond. Founded in 1997 amidst the Asian financial crisis, JurisTech’s contributions and drive to revolutionise the financial industry in Malaysia has garnered numerous awards, including Best Innovation and Best Use of Technology from Star Outstanding Business Awards.

JurisTech’s founders were recognised globally as high-impact entrepreneurs when they were selected to be part of Endeavor, a non-profit organisation in 2014, and CEO See Wai Hun was named EY Woman Entrepreneur of The Year 2019 in Malaysia. Living by the motto, “The right software, exceptionally delivered”, it is the main driver of the company’s growth, success, and achievements.

JurisTech Website: JurisTech.net

About iMoney

Founded in 2012, iMoney is the leading personal finance company for consumers to learn about personal finance matters as well as compare and apply for financial and utility products. Lee Ching Wei, the founder of iMoney was selected to be part of the Endeavor network in Malaysia in 2016.

With a mission to empower consumers to make intelligent money decisions, iMoney is focused on working with financial services providers ranging from banks and government organisations to fintech start-ups to educate Malaysians on personal finance matters. Having worked with over 50 partners to date, iMoney has executed a variety of effective multichannel campaigns aimed at engaging the everyday Malaysian in personal finance topics. The team also constantly innovates financial tools like the iMoney CreditScore to help consumers make more informed financial decisions.

iMoney Website: iMoney.my

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