Fintech and Insurtech Access Social Security Data: What Changes in 2026

Key data

Fintech and Insurtech companies associated with the Spanish Association of Fintech and Insurtech (AEFI) have had access since April 2026 to sensitive Social Security data of their clients, thanks to the agreement signed between the TGSS and AEFI published in the BOE on April 13, 2026. This agreement enables a bidirectional information exchange channel that did not previously exist in a formalized manner between the financial technology sector and the Social Security administration.

The agreement is not free access: it is restricted to AEFI members and conditioned to specific purposes of verification and regulatory compliance. Companies that use it assume direct obligations regarding security, confidentiality and limited use of data.

What does this regulation establish?

The agreement regulates a bidirectional information exchange between the TGSS and companies associated with AEFI. The key elements of the agreement are:

The agreement represents a significant advance in interoperability between the public sector and the financial technology industry in Spain. Until now, Fintech and Insurtech companies had to request documentation from their clients to verify their employment or contribution status. With this agreement, they can do so directly with the TGSS, always within the established limits.

Economic and operational impact

The impact of this agreement is not direct costs, but operational efficiency and reduction of friction in business processes. The specific consequences for companies are:

• Reduction of onboarding times: Verification of employment status and contribution that previously required client documentation can now be done in real time with the TGSS, shortening the time to add new clients.
• Improved risk assessment: Financial and insurance products can incorporate objective data on contribution and employment status to refine their risk models.
• New compliance costs: Companies must implement or strengthen security, confidentiality and limited data use protocols. This involves investment in systems, training and possibly legal advice on data protection.
• Risk of sanctions: Use of data outside permitted purposes (verification and regulatory compliance) or failure to comply with security protocols may result in sanctions under the General Data Protection Regulation (GDPR) and Spanish data protection regulations.

For companies that already operate with advanced digital processes, the agreement represents a real competitive advantage: less friction, less abandonment in the onboarding process and more reliable data for decision-making.

Who does it affect?

The agreement directly affects two groups:

• Fintech and Insurtech companies associated with AEFI: They are the only ones authorized to consult data with the TGSS. If your company operates in these sectors but is not an AEFI member, this agreement does not apply directly to you.
• Clients of those companies with data in Social Security: Their affiliation, contribution and employment status data may be consulted by AEFI companies within the limits of the agreement. They must have given their consent in accordance with data protection regulations.

Not directly affected:

• Fintech and Insurtech companies not associated with AEFI.
• Other financial entities (banks, traditional insurers) that are not part of AEFI.
• Companies in other sectors outside the Fintech and Insurtech scope.

Practical example

An online personal loan platform associated with AEFI receives a request from a client who wants to finance the purchase of a vehicle. Until now, the process required the client to provide their latest payslips or a certificate of work history to prove their employment status and contribution.

With the agreement in place, the platform can consult directly with the TGSS the affiliation, contribution and employment status data of the applicant, with their prior consent. The result: the verification process that previously could take days (waiting for documentation, manual review) can be completed in minutes, reducing process abandonment and improving customer experience.

The platform must ensure that the use of that data is restricted to the evaluation of that specific application, that the data is treated with the security protocols required by the agreement and that it is not used for any other unauthorized purpose. Any deviation from these limits exposes the company to sanctions under the GDPR.

What should companies do now?

1. Verify membership in AEFI: Only companies associated with the Spanish Association of Fintech and Insurtech can benefit from this agreement. If you are not a member, access is not available to you. Contact AEFI if you want to consider joining.
2. Review internal data protection protocols: The agreement requires strict security, confidentiality and limited use protocols. Audit your current processes for handling client data and adapt those that do not meet these requirements.
3. Update consent texts and privacy policies: If you are going to consult your clients' data with the TGSS, you must inform them and obtain their consent explicitly and in accordance with the GDPR. Review your registration forms and privacy policies.
4. Define permitted use cases: Access to data is limited to verification and regulatory compliance, and to digital onboarding and risk assessment processes. Document internally which processes will use this data and ensure that no use falls outside that scope.
5. Train involved teams: People who manage or have access to data obtained from the TGSS must understand the confidentiality obligations and use limits established in the agreement.
6. Consult with a data protection specialist: Given that the agreement involves access to sensitive third-party data (employment status, contribution), it is recommended that the company's Data Protection Officer (DPO) validate the processes before activating access.