Ezynetic

Ezynetic is a third‑party IT vendor that provides technology solutions to licensed moneylenders in Singapore. The company is headquartered in Singapore. Its offerings include systems for managing loan administration, processing borrower information, and supporting related IT functions. The company’s platform is used by multiple moneylenders to store and handle personal identifiable information of their customers. By focusing on this sector, Ezynetic operates at the intersection of financial services and information technology.

In June 2024 a security breach at Ezynetic exposed the personal data of approximately 128,000 borrowers. The incident affected twelve of the moneylender clients that rely on Ezynetic’s services. The Credit Bureau Singapore noted that Ezynetic serves twenty client firms in total, indicating the vendor’s overall reach within the local moneylending market. This scale shows that a single vendor can impact a substantial segment of the industry’s borrower base.

Ezynetic’s distinguishing attribute is its specialisation in IT services tailored to the regulated moneylending industry. The vendor handles sensitive personal and financial data, placing it under data protection and cybersecurity obligations applicable in Singapore. Its niche focus differentiates it from broader IT providers that serve multiple sectors. Consequently, Ezynetic’s expertise is concentrated on meeting the specific technological needs of licensed moneylenders.

The provided sources do not disclose any details about Ezynetic’s ownership, parent company, or subsidiary structure. No information is given regarding whether the firm is privately held, part of a larger group, or has any affiliates. Therefore, any description of its corporate hierarchy would be speculative and must be omitted.