About Us

Why we Care

Economically, the Asia-Pacific region is the world’s fastest growing and most dynamic region. The 21 member countries of the Asia-Pacific Economic Cooperation—a multi-lateral organization dedicated to promoting trade and commerce—are diverse and account for almost half of the world’s economic activity.


Many citizens of the region still do not have access to credit, and are stuck in a cycle of poverty as a result.
This is because many banks, microlenders, and other lending organizations in the region still do not have access to reliable credit data. If we can increase access to existing data as well as increase the supply of credit information, responsible lending to those who need it most can increase exponentially, dramatically reducing the rate of extreme poverty while increasing the economic viability of entire communities.

What We Do

 We believe that the responsible use of robust credit history data and other payment information leads to optimal credit risk management. Sound credit risk management, in turn, increases lending to the private sector, increases economic growth, broadens and deepens credit access, and protects individuals from overextension.​In that credit markets are global and lenders are increasingly global or regional in their focus, it is economically sensible to have in place regional credit reporting standards based upon proven principles. ​In that APEC represents the largest, wealthiest, and most dynamic economic region in the world, it is vital not only to the individual APEC member economies but to the global economy that credit risk management based on sophisticated decision sciences becomes the norm in this region.The APCC members believe that credit reporting should be based on the following general principles: 

 

  1. Both positive and negative credit and payment data should be reported to consumer reporting agencies.
  2. Recognizing that the individual is owner of their own credit information, consumer rights and protections are paramount. As such, the OECD Fair Information Principles, including notice, access, choice, correction, and redress, should be judiciously applied and shall serve as the foundation of any regional consumer credit reporting standard. 
  3. A private credit bureau and a public credit registry are complementary to one another and each play distinct and vital roles in a vital financial services system.


Who We Are

 The APCC is a subsidiary of the Policy and Economic Research Council (PERC), a United States based economic think tank out of North Carolina specializing in innovation in credit data and reporting. PERC and the APCC remain committed to working with APEC, ABAC, and other regional multi-lateral organizations (PECC, SEACEN, ASEAN, ADBI, IDB, World Bank Group) to promote the responsible use of credit information for economic development and access to finance. Transborder data flows, the increased use of alternative or non-financial data, and comprehensive credit reporting are key policy objectives of the APCC.