Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Banks cooperate with Sociálna Poisťovňa

COOPERATION between banks and social-insurance provider Sociálna Poisťovňa has been ongoing since the beginning of March, as was planned in December. No complications have occurred so far, Slovenská Poisťovňa's spokesperson Miriam Fuňová told the SITA news wire.

The project's goal is to reduce the risk of loan fraud. Data available to Sociálna Poisťovňa will help banks recognize "good" and "bad" clients. Banks can thus verify a loan applicant's income and whether he or she provided them with true data.

The banks agree this will simplify and speed up the loan process, which required clients to go through several administrative procedures. Under the new project, banks can ask Sociálna Poisťovňa 16 questions about each potential loan applicant. To protect clients' personal information, Sociálna Poisťovňa will answer only briefly: yes, no, or I don't know.

Banks' representatives claim that people in Slovakia have relatively easy access to consumer loans, which banks provide without any guarantees. Banks assume that if this new partnership helps prevent organized crime, the costs of banks will decrease, which might lead to lower prices of loans.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Mika: Security in Bratislava’s very centre has become an issue

Former top media manager Václav Mika believes experiences from running the public-service broadcaster can be useful in running the capital.

Václav Mika

Controversial businessman Kočner charged in Five Star Residence case

The businessman suspected of ties to top politicians has been accused in the case of dubiously transferred flats in a famous housing complex in Bratislava.

Five Star Residence

Blog: Beyond “The Invisible”

Journalist Anca Dragu urges foreigners to make politicians care by casting their votes in the upcoming municipal elections on November 10.

Regional election 2017

Meet Slovakia’s expert on cryptocurrencies. He is 18

The Duke of Edinburgh programme helped me learn how to do things regularly and gave me great experience, said Mário Havel in an interview with The Slovak Spectator.

Mário Havel