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HKMA links data platform with Companies Registry to help SMEs open bank accounts

SCMP LogoSCMP5d ago

HKMA links data platform with Companies Registry to help SMEs open bank accounts - SCMP

Quick Summary:

The HKMA has expanded its Commercial Data Interchange electronic platform designed to help SMEs by linking up with the Companies Registry to share more data with banks.

Tong Wong, the Commissioner for Digital Policy, said the connection of the Companies Registry with CDI is an important milestone on government data sharing.“With the banking sector making good use of the new measure, it will enable customers to enjoy more convenient services and facilitate the banking industry to explore more business opportunities, thereby contributing to the development of Hong Kong’s digital economy,” Wong said.

Hong Kong’s de facto central bank is pulling out all the stops to help the city’s struggling small and medium-sized (SME) businesses open accounts remotely and access loans.


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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 19:07:56 (5 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 11 lines

Sentence Length: 52 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22297451

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 8 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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  • URL: https://beamstart.com/news/hkma-links-data-platform-with-17249394631206

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