SCHUFA information and score now integrated into fintus Suite

23. May 2019

SCHUFA Holding AG is the leading provider of information services and solutions for companies and consumers. When it comes to assessing the creditworthiness of individuals and companies, SCHUFA in particular, is the credit agency trusted in Germany. Financial institutions use this information as an important part of their credit decisions. With an average of 450,000 credit reports per day, SCHUFA is thus an important pillar of the credit economy in Germany.

The data exchange process is now integrated into the fintus process automation and digitisation platform. The digital application process for an online loan therefore becomes even faster and more efficient. The fintus Suite submits the inquiry about the potential customer to the SCHUFA via a corresponding API (interface) and in return immediately receives the actual information. Almost 100% of the information is generated and transmitted in real time and in the highest quality.

The digital customer onboarding process of the fintus Suite covers all steps from the preparation of an offer, credit assessment and online legitimation to the digital conclusion of a contract. Data is already gathered during the application process. This fully digitised process, including SCHUFA information, turns every financial institution into a 24-hour bank with an outstanding customer experience.

SCHUFA is Germany’s leading solution provider of information services for companies and consumers. A total of around 9,500 corporate customers are connected to their services as contractual partners. In addition, around 2.1 million private customers use SCHUFA services. The company offers private and business customers such as banks, savings banks and dealers credit-relevant information on creditworthiness, identity and fraud prevention. On the basis of our decision-making aids, private and business customers can conclude contracts quickly, cost-effectively and unbureaucratically. Information about products and services for private customers as well as online access to SCHUFA’s own stored data is available on the Internet portal The SCHUFA database comprises 943 million pieces of information on 67.7 million private individuals and 6 million companies.

Nathalie Gellert,
May 23th, 2019

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