Data transfer to SCHUFA and exemption from banking secrecy

Qred transfers personal data collected as part of this contractual relationship

Data on the application, implementation and termination

business relationship and data on conduct that is not in accordance with the contract, or

fraudulent conduct involving SCHUFA Holding AG, Kormoranweg 5, 65201 Wiesbaden.

The legal bases for these transfers are Article 6 (1) (b) and Article 6

Paragraph 1 letter f of the General Data Protection Regulation GDPR. Submissions to

The basis of Article 6 paragraph 1 letter f GDPR may only apply if

this is necessary to protect the legitimate interests of the bank/savings bank or third parties

and not the interests or fundamental rights and freedoms of the data subject,

which require the protection of personal data prevail. The exchange of data

SCHUFA also serves to fulfill legal obligations to carry out

Customer creditworthiness checks (Section 505a of the Civil Code, Section 18a

of the Banking Act).

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In this respect, the customer also exempts Qred from banking secrecy.

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SCHUFA processes the data received and also uses it for the purpose of

profiling scoring) to their contractual partners in the European Economic Area and

in Switzerland and, if applicable, other third countries (provided that they include a

there is an adequacy decision by the European Commission, or

Standard contractual clauses have been agreed, which can be found at www.schufa.de

can) information, including to assess the creditworthiness of

to give to natural persons. More detailed information about SCHUFA's activities can

taken from the Schufa information sheet in accordance with Art. 14 GDPR online at

www.schufa.de/datenschutz can be viewed.

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Qred Bank AB | Org.no. 5590089800 | Drottninggatan 98 | 111 60 Stockholm

www.qred.de | support@qred.de | 49 402 28 99 98 08

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