The setting up of a consumer credit bureau in Singapore is in line with the Monetary Authority of Singapore's vision to enhance the Republic's risk management capability. Since 2002, the Banking Act has allowed Credit Bureau (Singapore) members, which include banks, credit card companies and other financial institutions, to disclose credit -related information to and obtain such information from Credit Bureau (Singapore) for the purpose of checking on their existing and prospective customers' creditworthiness. These member banks and credit card companies must be recognised by MAS. Credit Bureau (Singapore)'s goal is to help credit providers make better lending decisions quickly and more objectively.