Kbank said on March 26 it has launched a business partner information search service for sole proprietors.

The service was developed in collaboration with NICE Information Service to help sole proprietors and small business owners easily check a business partner’s corporate information and credit standing.

Any Kbank customer can use it. Users can search for a business location by entering just 1 of the following: company name, representative name or business registration number. The service provides core credit information in real time, including a transaction safety index, along with corporate information.

The transaction safety index is calculated by reflecting major risk factors including account opening records and corporate credit transactions. It provides not only the current level but also the trend of changes.

It also allows ongoing checks of changes in the transaction safety index and monthly reports through a watchlist registration and notification function, enabling constant monitoring.

If additional information is needed, users can also check detailed corporate information such as financial statements through a NICE corporate analysis report.

A Kbank official said the service was planned because it is an important factor in running a business for sole proprietor customers to check business partners’ credit information in a timely manner. The official said Kbank will continue to expand practical support services.