Bank’s Compliance Approach and Consumer Loan Offering: Boursorama’s Verifiable Data Collection Process

2023-08-31 19:39:08

“We have every intention of complying with it,” reacted Xavier Prin, communication manager of the bank, indicating that he had received the formal notice from the Cnil in August. The French private life policeman for his part confirmed the procedure but without providing more details, the formal notice not being public.

To obtain a consumer loan more quickly, Boursorama has offered since June 2022 to its customers who have not domiciled their income with it to provide it directly with the identifier and password of the tax site. By fetching the information it needs at the source, the bank saves time, especially on verification because it does not have to ensure the authenticity of the document.

But this possibility remained optional and was done in the secure environment of the website, defended Prin. “For us, we respect our obligations of protection, anonymization and security,” he argued.

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