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Hong Kong Monetary Authority 香港金融管理局
商業數據通 Commercial Data Interchange
Hong Kong Monetary Authority 香港金融管理局
商業數據通 Commercial Data Interchange
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Unleash the Power of Data

through Commercial Data Interchange (CDI)

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Next-Generation Financial Data Infrastructure

CDI aims to enable more efficient financial intermediation in the banking system and enhance financial inclusion in Hong Kong.

Instead of multiple one-to-one connections, each bank and data provider will have a single connection to CDI. Data sharing has never been easier. 

Without CDI With CDI

Potential use cases

Credit Underwriting

Enhance risk assessment with alternative data

Product Development

Promote innovation in financial products and services with market data

Customer Acquisition

Provide services to more customers at scale

Know Your Customer (KYC)

Verify identity and business status from different sources

Business Intelligence

Gain insights from data analytics

Potential use cases

Credit Underwriting
Credit Underwriting

Enhance risk assessment with alternative data

Product Development
Product Development

Promote innovation in financial products and services with market data

Customer Acquisition
Customer Acquisition

Provide services to more customers at scale

Know Your Customer (KYC)
Know Your Customer (KYC)

Verify identity and business activities from different sources

Business Intelligence
Business Intelligence

Gain insights from data analytics

 

Key Features

Consent-based Sharing
Consent-based Sharing

Commercial data will be shared only after data owners (e.g. small and medium-sized enterprises (SMEs)) have given their explicit consent to banks and data providers.

API Standardisation
Application Programming Interface (API) Standardisation

API and data models defined in CDI empower a more efficient data sharing mechanism and flexible use cases among CDI participants.

Innovation Stimulation
Innovation Stimulation

The design of CDI can accommodate high level of independency among CDI participants, fostering innovation in financial products and services with the use of alternative data.

Data Immutability
Data Immutability

The blockchain design of CDI means audit records are immutable, traceable and verifiable, ensuring a proper audit trail. Nevertheless, CDI does not store any commercial data to uphold the principle of data protection and increase system efficiency.

Security and Trust
Security and Trust

Only authorised entities (i.e. CDI participants) can connect with CDI and perform data exchange. All participants are identifiable and trusted.

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Benefitting SME Financing

This video introduces how CDI helped Hong Kong-based SME make use of alternative data to apply for bank loans.

Tradelink Electronic Commerce Limited

We are delighted to take part in the HKMA’s CDI initiative sharing our customers’ trade declaration data with banks that help them offer loan services to our SME customers who otherwise have difficulties in accessing such services.  Through CDI and our partnership with Ping An OneConnect Bank (HK) Limited, we are happy to see the benefits brought to our customers and look forward to sharing more of such alternative data to help bring more values to the Hong Kong trading community as a whole.

Emily Chung
Executive Director & COO
Tradelink Electronic Commerce Limited
New World Development

New World Development continues to apply new technology to its businesses to enhance the customer journey, to improve our overall business efficiency, and to accelerate our sustainability efforts. As Hong Kong’s first property developer to join the HKMA’s Commercial Data Interchange, and by introducing the use of FinTech in the Group, we hope to create a win-win-win situation for SMEs to access financial services, for us to strengthen our partnership with ecosystem stakeholders, and to promote the adoption of FinTech and green supply chain in Hong Kong and across the Greater Bay Area.

Paul Sin
Director - Technology & Transformation
New World Development
Dun & Bradstreet Hong Kong

Dun & Bradstreet Hong Kong is fully committed to its ongoing collaboration with the CDI to support further acceleration and upscaling of credit risk assessment processes, which will be benefit financers in Hong Kong’s SME lending market.

Andrew Wu
Managing Director, Dun & Bradstreet China - Mainland and Hong Kong SAR
Dun & Bradstreet Hong Kong
Standard Chartered Bank (Hong Kong) Limited

We are pleased that HKMA is launching CDI as a data infrastructure in the Fintech 2025 strategy. This is important to us as it streamlines the process of collecting our clients’ data in a secured and prompt manner, offers more comprehensive view of their business performance, and helps us develop more used cases by leveraging the SME’s alternative data generated during business operations. CDI can also help us provide better customer experience, drive for more product innovation and financial inclusion for the SME community.

Winnie Tung
Managing Director & Head, Business Banking, CPBB, Hong Kong
Standard Chartered Bank (Hong Kong) Limited
Ping An OneConnect Bank (Hong Kong) Limited

We are pleased to be the first virtual bank participating in the HKMA’s Commercial Data Interchange initiative. Leveraging Tradelink Electronic Commerce Limited’s customer trade declaration data as an alternative data source for credit assessment, we have streamlined the loan approval process and have made the banking services more accessible for SMEs. We will continue to expand virtual banking services for more SMEs through the use of alternative data, and promote financial inclusion in Hong Kong.

Michael Fei
Chief Executive
Ping An OneConnect Bank (Hong Kong) Limited
 
More testimonials

Our Partners

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Ant Bank (Hong Kong)
Ant Bank (Hong Kong)
Chong Hing Bank
Chong Hing Bank
Tradelink Electronic Commerce
Tradelink Electronic Commerce
Hongkong and Shanghai Banking Corporation
Hongkong and Shanghai Banking Corporation
GS1 Hong Kong
GS1 Hong Kong
QFPay Haojin Fintech
QFPay Haojin Fintech
Dun & Bradstreet (Hong Kong)
Dun & Bradstreet (Hong Kong)
Bank of Communications (Hong Kong)
Bank of Communications (Hong Kong)
CMB Wing Lung Bank
CMB Wing Lung Bank
Dah Sing Bank
Dah Sing Bank
HKICL Technology Solutions Limited
HKICL Technology Solutions Limited
HKT Payment
HKT Payment
Shanghai Commercial Bank
Shanghai Commercial Bank
Public Bank (Hong Kong)
Public Bank (Hong Kong)
Citibank N.A.
Citibank N.A.
Hang Seng Bank
Hang Seng Bank
Ping An OneConnect Bank (Hong Kong)
Ping An OneConnect Bank (Hong Kong)
Standard Chartered Bank (Hong Kong)
Standard Chartered Bank (Hong Kong)
New World Development Company
New World Development Company
ZA Bank
ZA Bank
Fubon Bank (Hong Kong)
Fubon Bank (Hong Kong)
Chiyu Banking Corporation
Chiyu Banking Corporation
Nanyang Commercial Bank
Nanyang Commercial Bank
Bank of East Asia
Bank of East Asia
China CITIC Bank International
China CITIC Bank International
China Construction Bank (Asia)
China Construction Bank (Asia)
JETCO
JETCO
OCBC Wing Hang Bank
OCBC Wing Hang Bank
DBS Bank (Hong Kong)
DBS Bank (Hong Kong)
Bank of China (Hong Kong)
Bank of China (Hong Kong)
Industrial and Commercial Bank of China (Asia)
Industrial and Commercial Bank of China (Asia)

News

View All
Leveraging Commercial Data Interchange for digitalisation of banking processes
Circular
15/02/2023
Leveraging Commercial Data Interchange for digitalisation of banking processes
Read more
Supervisory Policy Manual (“SPM”): Module IC-7 “The Sharing and Use of Commercial Credit Data through a Credit Reference Agency”
Circular
16/11/2022
Supervisory Policy Manual (“SPM”): Module IC-7 “The Sharing and Use of Commercial Credit Data through a Credit Reference Agency”
Read more
Annex – Supervisory Policy Manual (“SPM”): Module IC-7 “The Sharing and Use of Commercial Credit Data through a Credit Reference Agency”
Circular
16/11/2022
Annex – Supervisory Policy Manual (“SPM”): Module IC-7 “The Sharing and Use of Commercial Credit Data through a Credit Reference Agency”
Read more
HKMA announces the official launch of Commercial Data Interchange
Press Release
24/10/2022
HKMA announces the official launch of Commercial Data Interchange
Read more
Remarks at Roundtable on “The Future of Trade Finance: Opportunities for Hong Kong, Asia and the World” co-organized by HKU Asia Global Institute & International Chamber of Commerce by Eddie Yue, Chief Executive, Hong Kong Monetary Authority
Speech
26/01/2022
Remarks at Roundtable on “The Future of Trade Finance: Opportunities for Hong Kong, Asia and the World” co-organized by HKU Asia Global Institute & International Chamber of Commerce by Eddie Yue, Chief Executive, Hong Kong Monetary Authority
Read more
Call for participation in the Commercial Data Interchange
Circular
23/12/2021
Call for participation in the Commercial Data Interchange
Read more
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商業數據通 Commercial Data Interchange

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