Credit Bureau Asia Limited announced that it has signed a Memorandum of Understanding with FiinGroup JSC to form a joint venture in Vietnam to provide analytics and data solutions to financial institutions, credit granting agencies, payment services agencies and other data companies and explore establishing a private credit bureau supporting credit granting financial and non- financial institutions (the "Joint Venture"), by end of December 2021. The Joint Venture is envisaged to, amongst other things, facilitate and support the data analytics capabilities of financial institutions, non-banking financial institutions, credit granting agencies, payment services providers, `Buy Now, Pay Later' ("BNPL") players and mass market service providers such as telcos. In addition, data partnerships with key players like financial and non-financial credit granting agencies, payment gateway companies and mass service providers like telcos will also be forged to help develop and bring new products to the market. The Joint Venture will also leverage data from FG's existing capabilities to develop suitable products and services for the local market by tapping on the experience and capabilities of both FG and CBA. The Joint Venture will work towards establishing a full service private credit bureau with traditional and alternative data points to enhance reach, in particular to the estimated 38% of the underbanked and unbanked segment of the population.