Ann: IOUpay Acquires 42% of I-Destinasi Malaysian Finance Company, page-7

“IDSB has significant credit management expertise and systems but does not effectively take credit risk, rather passing this on to its bank customers (RHB Islamic Bank Berhad (RHB) and Affin Bank) who also provide funding for each transaction.As a result, IDSB acts as more of a specialist outsourced agent for banks for in-field origination, execution and settlement services generating upfront transaction fees and ongoing account management fees. IDSB does not generate interest rate spread income. Each bank provides funding for and assumes the credit risk of the customers they refer.”