Operationalization of Credit Bureaus Example of UCHB Ltd'

1
Operationalization of Credit BureausExample of
UCHB Ltd.

• Speaker
• Advisor to Chairman of the Board, PrivatBank
• Victor Ivanovich Lisitsky

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Goal of UCHB Ltd.

• Reduce credit risks
• Reduce risk of fraud
• Commercial gains

3
Specifics of UCHB Ltd. Operations

• Ukrainian Credit Histories Bureau works with
  credit bases of CJSC PrivatBank, which enables
  it cooperate with commercial banks in a one-way
  mode.

This became possible because JSC PrivatBank
runs credit bases with over 10 000 000 entries -
credit histories of individuals and legal
entities.
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Users of UCHB Ltd. services
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Terms of connection to UCHB services

• Access to credit reports may be gained through
  web-interface at the following internet address

https//ubki.com.ua/login.html
After signature of a Service Contract with UCHB,
a user is provided with a login and password to
access resources of UCHB Ltd.
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Information needed to receive credit reports
To request a borrowers credit history from UCHB
database, you dont need to obtain his written
accord to have his data distributed, because this
has been initially provided for in the borrowers
credit agreement with PrivatBank. To receive a
borrowers credit report, you need to input the
borrowers data into the following interface.
Requesting info about a legal entity, enter its
OKPO Code into the field ???
Interface on UCHB website to receive a credit
report
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Versions of credit report
The UCHB generates 5 versions of reports
Versions 1, 2, 3
Version 4
Version 5
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Prices at UCHB

• Price list as of today looks as follows

• Price for a credit report version ?1, ?2 or ?3
  (where credit history of borrower is available)
  is 1
• Price for a credit report ?4 or ?5 (where credit
  history is unavabile) is 1 UAH

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Securing data channels

• Classified information, representing bank
  secrecy, requested by end-user from UCHBs
  databases, is transferred via encoded
  communication channel.

To secure data, we use international standard
https, which supports 128KB cipher strength.
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Conclusions

• As a result of cooperation with UCHB, lenders
  reduce credit risks yet on the stage of credit
  decision.
• Cooperation with UCHB does not entail clients
  liability to provide credit histories from their
  databases in exchange.
• Cooperating with UCHB lenders reduce their risks
  of external fraud.
• Thanks to the large concentration of information
  about partner banks borrowers in UCHB Ltd.s
  database, it is 75 likely that UCHB database may
  have a requested credit history.

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Thank you!

• Advisor to Chairman of the Board,
• PrivatBank
• Victor Ivanovich Lisitsky