- Libra Internet Bank integrated Mifundo to assess Romanian customers abroad using verified cross-border credit data
- Enables more accurate risk assessment and supports lending growth without lowering credit standards
- Aligns with CCD2 requirements for comprehensive cross-border creditworthiness assessment
Bucharest, Romania and Tallinn, Estonia, April 16, 2026
Libra Internet Bank has partnered with Mifundo to enable access to cross-border credit data for Romanian customers living outside Romania. The collaboration allows the bank to assess creditworthiness using verified financial history from customers’ country of residence, addressing a gap where data exists but remains fragmented across borders.
Romanian citizens working abroad represent a large and growing segment. Many maintain stable income, active accounts and a track record of responsible borrowing. When applying for credit in Romania, this history is often not visible. Local credit bureau data provides only a partial view or no visibility.
Through Mifundo, Libra accesses a more complete financial picture by combining verified credit bureau data with categorised bank account data. This creates a unified cross-border view of creditworthiness that fits into existing credit processes.
For Libra, this means Romanian customers abroad can be evaluated based on actual financial behaviour. Customers with established credit histories in other European countries can now be assessed on that history when applying for financial products in Romania.
Banks using cross-border credit data see measurable differences in outcomes. Foreign-resident customers assessed on complete credit histories can show risk profiles up to 7 times lower compared to domestic-only assessments.
This has both commercial and operational impact. Foreign-resident customers typically represent 10-15% of bank portfolios. Accurate assessment enables lending growth without lowering standards, while reducing manual verification and shortening decision times.
The approach also aligns with the revised Consumer Credit Directive (CCD2), which requires comprehensive creditworthiness assessment, including relevant credit history from other EU member states, and not discriminating against the citizens from other EU member states.
“Mifundo brings real added value to us by providing faster and more accurate access to cross-border data. The platform continues to expand into new countries and add more information, while the team remains very responsive to our feedback and continuously improves the product. The partnership between Libra Internet Bank and Mifundo helps us work more efficiently and serve our customers better,” said Corneliu Toma, Head of Retail Banking at Libra Internet Bank.
“Mifundo specialises in structuring cross-border financial data for credit assessment,” said Kaido Saar, CEO and Co-Founder of Mifundo. “Banks using complete cross-border credit data make more accurate decisions, increase approvals for foreign-resident customers and reduce risk compared to domestic-only assessments.”
As more people live and work across borders, access to cross-border financial data becomes essential for consistent decision-making.
