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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(From production launch to Dec 2024)

Benefitting SME Financing

This is one of the videos showcasing how Hong Kong-based SMEs can make use of alternative data via CDI and apply for bank loans. To see the rest of the videos, please visit the SME Stories page.

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
QFPay HK
QFPay HK
GS1 Hong Kong

As the first batch of CDI participants, GS1 Hong Kong fully commits to support the next generation digital finance services through the offering of trusted digital trade data from our ezTRADE, a long-serving B2B order-to-cash platform.

By connecting our platform to the CDI, we hope to make trade financing easier and faster for our ezTRADE suppliers community. We look forward to working with more banks and other stakeholders in the ecosystem, empowering more innovative services to the SMEs.

Anna Lin, JP, FCILT
GS1 Hong Kong
GS1 Hong Kong
Hang Seng Bank

We can serve our customers better by leveraging commercial data to streamline our processes and offer enhanced digital experiences. With improved insights into our customers’ businesses, we are better able to assess their needs and objectives, which allows us to provide tailor-made financial solutions for us to better help our customers grow.

Donald Lam
Hang Seng Bank
Hang Seng Bank
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
HSBC
HSBC
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.

Mr. Tommy Yuen, S.B.S.
Tradelink Electronic Commerce Limited
Tradelink Electronic Commerce Limited
More testimonials

Our Partners

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Lalamove
eft Payments (Asia)
Octopus Cards
Hang Seng Bank
Standard Chartered Bank (Hong Kong)
Hong Leong Bank
Livi Bank
Chiyu Banking Corporation
Bank of Communications (Hong Kong)
Nanyang Commercial Bank
OCBC Bank (Hong Kong)
HKICL Technology Solutions Limited
Fusion Bank
New World Development Company
Citibank N.A.
China CITIC Bank International
PingAn OneConnect Credit Reference Services Agency (HK)
JETCO
GS1 Hong Kong
Bank of East Asia
Chong Hing Bank
FWD Life Insurance Company (Bermuda)
Airport Authority Hong Kong
Ping An OneConnect Bank (Hong Kong)
Companies Registry
Industrial and Commercial Bank of China (Asia)
Dah Sing Bank
Know Your Customer
CMB Wing Lung Bank
HKT Payment
Tradelink Electronic Commerce
Bank of China (Hong Kong)
Public Bank (Hong Kong)
The Land Registry
ZA Bank
Hongkong and Shanghai Banking Corporation
China Construction Bank (Asia)
Ant Bank (Hong Kong)
QFPay Haojin Fintech
Fubon Bank (Hong Kong)
Consented Data Exchange Gateway by Digital Policy Office
Shanghai Commercial Bank
Dun & Bradstreet (Hong Kong)
DBS Bank (Hong Kong)
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News

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Hong Kong FinTech Week 2024
Press Release
28/10/2024
Hong Kong FinTech Week 2024
Read more
(ICC DSI report) Key Trade Documents and Data Elements on the Frontlines
Report
03/09/2024
(ICC DSI report) Key Trade Documents and Data Elements on the Frontlines
Read more
CDI-CDEG linkage to promote development of Hong Kong’s digital economy
Press Release
26/08/2024
CDI-CDEG linkage to promote development of Hong Kong’s digital economy
Read more
Keynote Speech at the Caixin Summer Summit 2024 (Hong Kong Session) (Chinese version)
Speech
31/05/2024
Keynote Speech at the Caixin Summer Summit 2024 (Hong Kong Session) (Chinese version)
Read more
HKMA introduces 9 measures to support SMEs
Press Release
28/03/2024
HKMA introduces 9 measures to support SMEs
Read more
Keynote speech at ICCHK Digital Trade Forum “Digital Trade and Finance in Hong Kong: Reasserting Global Leadership”
Speech
30/11/2023
Keynote speech at ICCHK Digital Trade Forum “Digital Trade and Finance in Hong Kong: Reasserting Global Leadership”
Read more
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