About CDI
A coherent landscape for data sharing
CDI aims to enable more efficient financial intermediation in the banking system, and facilitating innovative usage of commercial data to enhance financial services.


Value Propositions

Connect entities from different industries to enable more scalable and efficient commercial data sharing

Enable entities, particularly small and medium-sized enterprises (SMEs), to take more control of their digital footprint and use their commerical data to enhance their access to financial services

Allow entities to conduct more comprehensive risk assessment and make more informed business decisions with additional commercial data

Provide an ecosystem for entities to work together and develop innovation services and businesses with commercial data
Integration
Connect entities from different industries to enable more scalable and efficient commercial data sharing
Integration
Inclusion
Enable entities, particularly small and medium-sized enterprises (SMEs), to take more control of their digital footprint and use their commerical data to enhance their access to financial services
Inclusion
Intelligence
Allow entities to conduct more comprehensive risk assessment and make more informed business decisions with additional commercial data
Intelligence
Innovation
Provide an ecosystem for entities to work together and develop innovation services and businesses with commercial data
Innovation
CDI Stakeholders
Data Provider can be any commercial entities which collects digital footprint of Data Owner.
Data Owner (i.e. SME) can provide consent via CDI for Data Provider, which will provide commercial data to Data Consumer for various uses, such as loan application.
Data Consumer (i.e. financial institutions) can make use of commercial data provided by Data Provider to provide better services, such as loan approval.
Analytics Provider provides data analytics services to Data Consumer.
Solution Provider provides various value-added services to the CDI ecosystem.

Design Principles

The CDI allows independency among the CDI participants, such that each participant can continue to develop its own application and evolve independently to differentiate itself from other participants in the CDI

The CDI mandates consent to be collected prior to data exchange, and facilitates data exchange between the CDI participants without storing any exchanged data, for protection of Data Owner’s interest and privacy

The CDI is use case neutral to maximise the number of participants and use case that can leverage it

The CDI adopts event-driven design to provide flexibility for introducing new functionalities in the future, and integrating with other fintech platforms or systems to further enhance the ecosystem

The CDI is backed by event logging of participants' activities to enable audit trail if necessary

Data Owner

Leverage commercial data to provide financial service



Provide/Create commercial data through transaction or service

The CDI participants

Operation flow related to the CDI

Operation flow indirectly related to CDI
(with consent)


Data Consumer

Data Provider


(with consent)
How does CDI work?
This video shows how CDI can potentially transform SME’s loan process and create more possibilities with commercial data sharing.
Data and Consent Flow

Relationship of CDI stakeholders
CDI enables a consent-based sharing – data will only be shared with data consumers (e.g., banks) after data owners (e.g., SMEs) have given their explicit consent to banks and data providers.
To facilitate the CDI Adoption, Data Consumers and Data Providers can connect to CDI via API calls to exchange consent and data, and focus on exploring various use cases. In addition, CDI is backed by event logging of participants’ activities to ensure a proper audit trail. Moreover, CDI does not store any commercial data to uphold the principle of data protection and increase system efficiency.
How will I Benefit from Joining CDI?
Governance and Control
Governance & Controls in CDI to uphold the principle of data protection

A set of CDI Governance document, standardised agreements and templates have been issued to clearly delineate different parties’ responsibilities and liabilities in CDI, including:
- Rules for Commercial Data Interchange
- CDI Membership Agreement
- CDI Service Agreement
- Consent Form

Multiple layers of security measures have been implemented to ensure that the connection of and data transfer to and from CDI are secure, including:
- Enable access control to allow only authorised entities (i.e. CDI participants) to perform data exchange;
- Facilitate end-to-end encryption for commercial data transmission; and
- Do not store any commercial data in CDI to minimise the risk of data leakage.
