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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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Loan applications and reviews
HK$ 0 B+
Estimated credit approval amount

(From production launch to June 2023)

Benefitting SME Financing

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

Bank of China (Hong Kong) Limited

CDI enables an easy access to real time and reliable commercial data with customers’ credit portfolio. This ground breaking financial data infrastructure effectively accelerates our loan approval process to facilitate SMEs in obtaining finance.

Phoebe Tse
General Manager of Commercial Banking Department
Bank of China (Hong Kong) Limited
QFPay HK

QFPay HK has been dedicated to providing fast and secure payment services to our merchants as well as developing different business solutions to support our merchants to grow in this fast-changing market. We are proud to participate in the CDI project by HKMA and be one of the pioneers of business data providers. Through the collaboration with financial institutions and development of related platforms, our clients will experience commercial financing in a more intelligent and efficient way.

Will Leung
Co-Founder & General Manager
QFPay HK
HSBC

CDI has broken new paths to enhance SMEs’ access to bank finance and advance financial inclusion in Hong Kong. Building on the success of our initiatives during the pilot stage, HSBC is pleased to be among the first group of banks to leverage the CDI platform to streamline business loan application journey. We will continue to work with different data providers to explore new use case and support the growth of Hong Kong’s fintech ecosystem along the way.

Frank Fang
General Manager, Head of Commercial Banking, Hong Kong and Macau
HSBC
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
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

View All
Bank of China (Hong Kong)
Bank of China (Hong Kong)
HKT Payment
HKT Payment
Hang Seng Bank
Hang Seng Bank
Dun & Bradstreet (Hong Kong)
Dun & Bradstreet (Hong Kong)
Public Bank (Hong Kong)
Public Bank (Hong Kong)
Lalamove
Lalamove
Hong Leong Bank
Hong Leong Bank
Dah Sing Bank
Dah Sing Bank
Livi Bank
Livi Bank
Ping An OneConnect Bank (Hong Kong)
Ping An OneConnect Bank (Hong Kong)
Bank of East Asia
Bank of East Asia
Standard Chartered Bank (Hong Kong)
Standard Chartered Bank (Hong Kong)
GS1 Hong Kong
GS1 Hong Kong
Ant Bank (Hong Kong)
Ant Bank (Hong Kong)
Know Your Customer
Know Your Customer
PingAn OneConnect Credit Reference Services Agency (HK)
PingAn OneConnect Credit Reference Services Agency (HK)
Fusion Bank
Fusion Bank
HKICL Technology Solutions Limited
HKICL Technology Solutions Limited
Fubon Bank (Hong Kong)
Fubon Bank (Hong Kong)
Chiyu Banking Corporation
Chiyu Banking Corporation
Industrial and Commercial Bank of China (Asia)
Industrial and Commercial Bank of China (Asia)
Citibank N.A.
Citibank N.A.
Shanghai Commercial Bank
Shanghai Commercial Bank
Octopus Cards
Octopus Cards
JETCO
JETCO
QFPay Haojin Fintech
QFPay Haojin Fintech
New World Development Company
New World Development Company
China Construction Bank (Asia)
China Construction Bank (Asia)
Chong Hing Bank
Chong Hing Bank
Bank of Communications (Hong Kong)
Bank of Communications (Hong Kong)
ZA Bank
ZA Bank
Nanyang Commercial Bank
Nanyang Commercial Bank
CMB Wing Lung Bank
CMB Wing Lung Bank
OCBC Wing Hang Bank
OCBC Wing Hang Bank
Tradelink Electronic Commerce
Tradelink Electronic Commerce
DBS Bank (Hong Kong)
DBS Bank (Hong Kong)
Hongkong and Shanghai Banking Corporation
Hongkong and Shanghai Banking Corporation
China CITIC Bank International
China CITIC Bank International

News

View All
The HKMA hosts its inaugural Data Summit
Press Release
04/05/2023
The HKMA hosts its inaugural Data Summit
Read more
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
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商業數據通 Commercial Data Interchange

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Hong Kong

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