Philippines bureau agrees credit sharing with Korean financial group

CIBI Information, the credit bureau first set up by the country’s central bank, has signed an agreement with South Korea’s JB Financial Group JBFG and NICE Information Service to establish a credit linkage system between the Philippines and South Korea.

According to a April 7 media release, the partnership will allow Filipino and Korean nationals to use their home country’s credit information to access financial services, such as opening bank accounts, in the other market. Filipino nationals living in South Korea and Koreans in the Philippines will benefit from the new arrangement.

JBFG will establish an application programming interface API-based credit information sharing system between the...