SKG Bank launches digital-only lending and consumer credit service
SKG Bank, the consumer finance arm of Deutsche Kreditbank (DKB), has unveiled a digital-only lending and consumer credit service.
In co-operation with Munich-based FinTecSystems, DKB says in the future loans can be arranged without submitting documents such as bank statements.
Thomas Teuber, director of SKG Bank, says its customers “can close more quickly and completely without media disruption in future”. The service will also be possible on a mobile phone or tablet.
FinTecSystems offers online banking-based real-time financial analysis and provides data for an overview of the creditworthiness of the customer. It says the bank can give customers a credit supply in a “few minutes”.
DKB is headquartered in Berlin. Its total assets are over €74 billion, of which more than 80% is in the form of loans. SKG Bank is headquartered in Saarbrücken, Germany; and is an independent brand.
FinTecSystems was founded in 2014 by Stefan Krautkramer and Dirk Rudolf, and specialises in automated financial analysis based on online banking data. It says its products can be used by bank customers in Germany and Austria.
