Emali's latest fintech solution is Hong Kong Monetary Authority's Commercial Data Interchange. With more than 30 participants and more than 900 loan cases, the CDI has already been used to approve over HKD 1.8 billion in SME loans.

As the main contractor, Emali provides continuous product design, implementation, and support for the growing public infrastructure. The CDI also uses Emali's proprietary advanced cryptographic protocols and blockchain technologies.

CDI is a next-generation financial data infrastructure that 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 between banks and sources of commercial data, such as utility companies, each bank and data provider will have a single connection to CDI. With CDI data sharing become more, secure, efficient, and scalable.

The building of CDI is part of the HKMA’s Fintech 2025 strategy to improve Hong Kong’s data infrastructure, empower the industry, and encourage creativity for developing innovative financial products and solutions, in turn building up the overall appetite for fintech solutions in Hong Kong.

Learn more at HKMA’s official CDI Website

Emali offers comprehensive CDI support for banks and financial institutes as well as a simple rapid deployment package for organisations interested in joining the Commercial Data Interchange. Contact us for more information.

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Key Features

Security and Trust

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

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

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.

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.

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.