SINGAPORE, 3 April 2000 – A strategic alliance was announced today between DP Information Network Pte Ltd (DP Info) and the Registry of Companies and Businesses (RCB), enabling the sharing of company data via a networked database to provide real-time updated company data to the business community.
RCB sees the strategic alliance with DP Info as benefiting the business community on 2 levels. Said a RCB spokesman: “Firstly, businesses in Singapore will be able to streamline their information requirements through a faster, more automated process. They will also enjoy a package of information, all integrated into a singular channel of delivery, where traditionally, you would have to go to various sources to get information. Through DP Info, we believe RCB will work more closely with the business community in automating and integrating information to meet their needs.”
Daily, over 90% of Singapore’s financial institutions depend on the DP Info-RCB alliance through their use of DP Info’s subscriber-only network product, QuestLine. Acknowledged as Singapore’s first online subscriber-based integrated business and credit information database service, QuestLine is also the information service choice of half the law firms in Singapore.
“DP Info aims to deliver more value-for-money information through this alliance,” adds Ms Chen Yew Nah, Managing Director of DP Info. “We are Singapore’s home-grown pioneers in online business information. With www.1QuestNet.com, local and global businesses can now access an even more powerful suite of businesses information products. To propel the acceleration of Singapore into the Internet Economy, DP Info is committed to delivering faster, real-time information at the most competitive price using the latest technology.”
Using RCB data, DP Info will streamline and integrate a real-time and competitively priced business information source of companies and businesses in Singapore through the worldwide web and DP Info’s network-based products.
It will also integrate RCB Instant Extracts to its extensive corporate litigation database and financial statements in providing a more complete picture of a company’s profile or an individual.
The alliance will create four new main combination/package of information benefiting both business-to-business (B2B) and business-to-consumer (B2C) companies. DP Info’s real-time network- and Internet-based systems include:
The only comprehensive credit worthiness check on an individual in Singapore. It provides the past and present litigation (High & Subordinate Courts) and bankruptcy trace of an individual. Moreover, this search reports the full list of companies in which the individual is a director and the percentage of ownership in which the individual is a shareholder.
Combines RCB Instant Extracts with information on subsidiary / associate companies, percentages of ownership, and past and present litigation trace (High & Subordinate Courts).
Provides an individual’s involvement in corporate business through status such as shareholder, director and / or secretary and provides appointment and cessation dates of office bearing appointments.
A report of key pertinent information of a company through registration number, principal activities, auditors, registered changes, directors and officers, shareholders and owners information.
These information searches are also available through www.1QuestNet.com - DP Info’s web-based information product. 1QuestNet.com is the first information e-commerce site to offer users a choice of paying by CashCard or credit card.
As a launch promotion, RCB Instant Extracts will now be available at S$3 to DP Info’s QuestLine subscribers and at S$3.20 through www.1QuestNet.com and ad-hoc one-time purchases (for a limited period following this announcement).
The Registry of Companies and Businesses (RCB) is Singapore’s official organization governing the formation of a business firm and company. This Registry is also the center of information where registered particulars of business entities are available. In line with the national effort to develop Singapore into a global business hub, RCB has embarked on highly progressive programmes and alliances to enhance all levels of their services, including this strategic alliance with DP Information Network.
About DP Info
DP Information Network Pte Ltd (DP Info) is Singapore’s independent authority in online credit and business information. With a track record of 22 years, DP Info is the nation’s pioneer and leader in credit and business information and analysis. DP Info’s products range from data extraction and collation from various authorities, to credit reports (local & international), industry statistics and ranking publications.
DP Info’s portfolio of information products is delivered through real-time subscriber-based networks, e-commerce enabled websites and printed material.