BIK Economic Information - TransactionLink

About this integration

BIK is the largest credit bureau in Poland and the largest source of information on the liabilities of consumers and businesses in Poland.

BIK is a so-called 'banking' data source, as it contains information provided by banks, leasing companies, state banks and more than 70 of Poland's largest lending institutions.
This database contains positive information (loans repaid on time) as well as negative information (loans not repaid or repaid late).
The liabilities stored in BIK mainly relate to various types of loans, such as student loans, home loans, loans for the purchase of goods and services, revolving loans, credit and debit cards, retail cards or credit lines.

Geographies covered

Poland

More resources

Docs

See our documentation

How it works

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More about this integration

What data is stored in BIK?

BIK provides information on the following types of debts:

Information on loans, credits, credit cards, credit lines, overdrafts and instalments
Data on active credit commitments
Data on fulfilled liabilities that had a delay in payment of more than 60 days
Data on fulfilled past liabilities

Using BIK for onboarding processes in practice

BIK database is an obvious choice when designing the onboarding and customer risk assessment process, particularly for loan companies or BNPL (buy now, pay later). Many companies however choose to use other credit information providers (most often ERiF, CRiF or KRD) due to the cost of a single report from BIK. There is no doubt that BIK contains some of the most valuable information on consumers and companies available on the market due to its access to banking information, but the unit price often deems this data source uneconomical (the price of a single report depends on volumes and individual negotiations with BIK, but these costs are often a significant part of the margin of a loan product).

It is also possible to orchestrate the connection with BIK through Transactionlink and query this database only for high risk customers, or as a last resort of information after querying other data sources.

How is BIK different from BIG InfoMonitor?

The data that can be found in BIK is provided by loan companies, leasing and factoring companies, banks and SKOKs (state banks). BIG (Economic Information Bureaus) additionally contains data on entities and consumers obtained from other industries, such as:

energy suppliers
telecommunications companies and cable TV operators
financial sector companies
local government units
courts and consumers

In addition, the reports prepared by BIG can include information from public databases such as PESEL, REGON, CEiDG, KRS, as well as from the Public Liability Register, the Central Register of Restructuring and Bankruptcy and other business information bureaux.

Despite its suggestive name, BIG InfoMonitor contains information on both consumers and business activities.