What kind of wages the applicant receives, who has applied to the bank for a consumer loan in the territory of the Russian Federation, will be able to find out the bank itself, without a corresponding certificate.

The Pension Fund of the Russian Federation (PFR) will help employees of any banking institution to quickly find out the level of income of a potential client. Aleksey Kozyrev, Deputy Minister of Communications and Mass Communications of the Russian Federation, said that at the end of 2016, banks will receive this instrument for arming.

The government official explained that the Pension Fund of Russia, jointly with the Ministry of Communications, has long been working hand in hand on a new project, through which banking institutions in a very convenient and operational form will be able to access the necessary information about personal accounts of Russian FIUs.

Initially it is assumed that the system will work like this:

  • A citizen who wishes to receive any credit product in a bank independently applies to the Pension Fund of the Russian Federation by sending a corresponding electronic request for an extract statement.
  • Further, this information document is sent by the borrower to the necessary banking institution.

Naturally, the imperfection of the process is obvious and, therefore, a reservation was immediately introduced that, after some time, banking institutions would request such information on their own.

Kozyrev also reported that this technology is already taking place and is currently being tested in banking institutions. From a potential client of a banking institution, it is only necessary to confirm this transaction, namely, to give electronic consent (in the case of an online application) or written consent (if you apply directly to the banking structure) to receive this information. For example, in the interactive version with the help of an sms-message (send confirmation code) or through a personal account on the state services portal.