"Circuit. The traffic light" is available to clients of "MTS of Bank" now

2020: Implementation circuit.traffic light in Internet bank and mobile application for small business

Circuit. The traffic light is available to clients of MTS of Bank now. On September 29, 2020 the SKB Kontur company reported about it.

The traffic light estimates reliability of the receiver of payment and allows entrepreneurs to minimize risks at B2B-cooperation and commission of calculations.

MTS the Bank integrated service for check of partners into the system of operational online management of Client-Bank (Internet bank) and mobile the MTS Bank Business of NEW applications for small business. Service is provided for fast check of partners automatically and free of charge to all clients who connected the remote systems of service. Now in payment orders, the reference book by partners — everywhere where the user sees data of partners — the color signal will be displayed. Green, yellow and red signals reflect degree of importance of information on business activities of the potential partner.

• The facts connected with liquidation of the company and the bankrupt status in the USRLE/Unified State Register of Individual Entrepreneurs are designated by red color.
• With yellow color information requiring close attention, or notifying character – change of the head or the address is marked.
• The favorable information about the partner is marked in green color — the company made out licenses, signed contracts, there are no enforcement proceedings, profit grows.

By clicking a signal the express report based on data from more than 30 open sources opens. In the report short outputs about activity of the company are collected: the client of bank can get acquainted with arbitration cases, enforcement proceedings and other information which caused emergence of signals.

In the report recommendations about risk reduction at further cooperation with the specific partner are also made. Thanks to seamless integration through API the Circuit. The traffic light organically added an ecosystem of online services for business of MTS of Bank.

Valery Talalayev, head of a cluster of small business of MTS of Bank:

We constantly improve our remote channels of service and we fill them including non-financial services for convenience of business. The traffic light allows to work only with reliable partners and to make reasoned decisions on cooperation – check of partners allows to reduce risks to a minimum, so to save finance as before sending payment it is important to know reliable and up-to-date information about the partner.

Evgeny Ivanchenko, the head of work with banks in the Circuit

The client of bank before sending money can learn about large-scale arbitral proceedings which appeared only the other day, or that the partner ceased to be calculated according to credit obligations to banks. It can happen even to the old and reliable partner. Our service allows to reduce risk of irrevocable debts, to bypass problems with VAT refund and always to know the latest news about the partners.