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

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump

Last Week in Slovakia: People marched for LGBTI rights in Bratislava Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Rainbow Pride in Bratislava

Government has no plans to officially commemorate the victims of the 1968 invasion of Czechoslovakia

Presidents of the Slovak and Czech Republics will take a train ride to mark the founding of the Czechoslovak State.

Law Faculty of Comenius University in Šafárikovo Square, where the civilian killings by foreign armies on August 21, 1968, were most concentrated.