SBI Business Internet Bank

2021: Availability of the Traffic Light counterparty verification service

The Traffic Light counterparty verification service, which allows assessing the reliability of contractors based on data from official sources, has become available to customers of SBI Business Internet Bank. The service was launched together with Loop, an ecosystem of products for business. This was announced by SKB Kontur on August 30, 2021.

The Traffic Light service automatically analyzes client counterparties Bank on the basis of file data FTS files of arbitration court cases, lists of bankrupt enterprises and liquidated enterprises. All these sources help objectively assess the reliability of the legal entity and protect the Bank's client from the risk of interaction with unreliable partners.

SBI Bank customers can use the service free of charge at the Internet bank when creating a payment in the form of a payment order, when requesting a rating according to the TIN in the "Payments" section or in the directory of counterparties. If necessary, entrepreneurs can request access to an extended version of the reports, which indicates the factors that have affected the level of reliability.

When the client prepares a payment order in the Internet bank, the service on the TIN of the counterparty requests up-to-date information in. As Contour. Focus a result, the client before sending money can learn about a large arbitration process, which began only the other day, or that the counterparty does not fulfill credit obligations to banks. This can happen even to a long-standing and reliable partner. With the help of Traffic Light, bank customers can reduce the risk of non-return of receivables, circumvent reimbursement problems VAT and always know the latest news about their counterparties, "explained the Evgeny Ivanchenko head of work with banks in Kontura.

Checking the counterparty is another example of how fintech solutions can significantly facilitate the life of Bank's clients. A couple of clicks made at an online bank allow you to assess the risks of working with a current or potential counterparty. All our products for small and medium-sized businesses are based primarily on the care of the client: protecting his funds, we, together with the client, grow the business in the safest and most comfortable conditions, "said Anna Kornelyuk, Director of SME Development at SBI Bank.