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Polish Retail Banks Launch BIK’s Blockchain-Based Client Data Tool
Summary: On Thursday, Polish retail banks launched a blockchain-based customer data platform developed by the Biuro Informacji Kredytowej (BIK), the Polish Credit Bureau. BIK, the biggest credit bureau in Central and Eastern Europe, will allow Poland to send notifications of commissions and fee changes on blockchain through its new document management product. The BIK Blockchain Platform ...
On Thursday, Polish retail banks launched a blockchain-based customer data platform developed by the Biuro Informacji Kredytowej (BIK), the Polish Credit Bureau.
BIK, the biggest credit bureau in Central and Eastern Europe, will allow Poland to send notifications of commissions and fee changes on blockchain through its new document management product.
The BIK Blockchain Platform is designed to eliminate paper-based client notifications by digitizing the data and recording it on blockchain to enhance security. The firm also states that the system fully complies with the European Union’s financial records-related regulations, including the MiFID II and GDPR.
By Janelle Fox
Tags: BIK,BIK Blockchain Platform,Biuro Informacji Kredytowej,Blockchain,Polish Credit Bureau
Link: Polish Retail Banks Launch BIK’s Blockchain-Based Client Data Tool [Copy]
