Querying the Blocklist and Risk Levels for Enterprise Loans

When an enterprise applies for a loan for the first time, the bank cannot determine the creditworthiness of the enterprise from its historical transactions. In such cases, the bank relies on the risk profile of the enterprise from an external organization B before proceeding to subsequent loan decision-making. However, the business information and the enterprise's risk profile are respectively vital data assets of the bank and organization B. They do not want to disclose these data sets to one another. In this case, PIR enables the bank to retrieve the risk level of a specific enterprise ID from organization B, without exposing this ID or revealing risk information of any other ID.