What data will be transferred from one bank to another?

When transferring data from one bank to another, the following categories of information are usually transmitted:

• Customer identification data: Full name, date of birth, passport details, TIN, and other details necessary for identification.
• Account and transaction data: Account numbers, balances, transaction history, payment information.
• Credit history and risk data: Information about current and past loans, delinquencies, debts.
• Contract and product data: Service terms, tariffs, connected services.
• Technical and system data: Message formats, exchange protocols, encryption, and authentication.

It is important to ensure security and compliance with legislation (e.g., GDPR or local data protection laws). The transfer should occur over secure channels using encryption and authentication.

Example: When transferring a loan from one bank to another, customer data, loan terms, debt balance, and payment schedule are transmitted for proper continuation of service.