The aim of the credit information system (CIS) is to allow a bank to make use of the most recent credit risk information available in the Polish market. This is the information collected and processed by Biuro Informacji Kredytowej SA (Credit Information Office; Polish acronym - BIK). Biuro Informacji Kredytowej S.A. aids the process of credit decision making by banks, organizations in the financial services sector related to banks, as well as by credit-granting entities in other sectors of the economy, through creating and developing effective tools for evaluating the financial condition of their customers. This activity is carried out by collecting, integrating and making available added-value data and information products indispensable for building a developed consumer market.

The primary functionality of Newitech's CIS system include:

• Providing access to the following countrywide databases: BIK retail customers, BIK entrepreneurs, Inter - Bank Economic Information – Blocked Documents, Inter-Bank Economic Information – Bank Register, Inter-Bank Economic Information – Acceptors;
• Enabling access to information on the credit risks related to the customer obtained from countrywide databases;
• Enabling access to information on blocked documents (e.g., identity cards),
• Transmitting the obligatory information on the customer’s status to BIK;

Implementation of the credit information system will:

• Improve security of the granted credits,
• Enable uniform access to countrywide credit information on customers distributed among different databases,
• Enable access to risk data both by the bank systems (Enterprise Application Integration) and by the bank employees – end users (via a simple user interface), isolate a bank from the implementation details of the multifarious interfaces providing access to inter-bank credit data.