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MLAS Update

Training
The training programme has helped hundreds of individuals to clear their IPTO exam and helped to ensure that their daily operations are in compliance with the regulations.
MLAS Web Portal
The launch of the revamped MLAS Website and MLAS Training, MLAS Web Portal, MOUs and ML Loan System 2 Information Sharing Web Portal, has contributed to a substantial increase to over thousands of searches per day. www.moneylenders.sg is now also integrated with DP SME Credit Bureau for real time data submission. These features and improvements are now assisting moneylenders when they are processing loan applications in real time ​
Memorandum of Understanding
MLAS has signed a Memorandum of Understanding 3 with CASE to allow for mediation between moneylenders and borrowers. Moneylenders or borrowers can now approach CASE to help with mediation as well. MLAS has also approached Silver Lining in regards to working with them. MLAS has requested names of borrowers, who have approached Silver Lining, to ensure that loans are not extended to these borrowers. Discussions are still ongoing at the moment.
ML Loan System
The ML Loan System developed by Sivren Pte Ltd has also gone from strength to strength with real-time integration with DP SME Credit Bureau, the MLAS Information Sharing Web Portal and heightened security systems such as audit trails and bank statement reviews to ensure moneylenders have a smoother and secure operation of their businesses.
 
Courtesy of https://moneylenders.sg/upload/MLAS%20Newsletter.pdf
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