Next Generation Trade

Next Generation Trade

HSBC x HKTVmall - Simplify Digital Trade Financing With Merchant Data

HSBC and HKTVmall announced a new partnership that utilizes commercial data to roll out a simpler and faster digital trade finance solution, supporting SMEs that look to thrive in the fast-growing e-Commerce market in Hong Kong.

Under the partnership arrangement, a new programme that makes it easier for merchants to get access to digital trade finance will be launched later this year. HKTVmall will provide merchant data including turnover and refund records of different types of goods for HSBC to analyse and forecast business performance during credit assessment and monitoring process.

HSBC and HKTVmall are participants of the Commercial Data Interchange (CDI) project, initiated by the Hong Kong Monetary Authority with a view to enabling more efficient financial intermediation and enhancing financial inclusion in Hong Kong. The partnership further underscores HSBC’s commitment to driving digital innovation. Both parties will also collaborate on unleashing the potential of big data analytics and API technology in enhancing customer experience.

A pilot scheme has already extended offers of digital trade finance solution based on merchant’s turnover data provided by HKTVmall. The pilot digital trade loan was provided to Cleanic Cleaning Equipment Ltd., a household cleaning equipment and tools company.


 

 

Frank Fang, Head of Commercial Banking, Hong Kong, HSBC

Through the partnership, HSBC has scaled up the support for Hong Kong merchants in expanding their e-Commerce business. We also drive further digital innovation in the market with the pioneering application of big data in simplifying credit assessment for more accessible financing.

It has indeed taken us one step further, showcasing how to turn actual e-Commerce operational data into a credit assessment and monitoring tool to make commercial financing smarter and more efficient.

 

 

Alice Wong, Group Chief Financial Officer, HKTV

 

 

Vainsun Ng, Director, Cleanic Cleaning Equipment Limited

Digitalisation and agility have become increasingly important to the success of our business. This innovative partnership has helped us reach out to more potential customers in the e-commerce space.

HSBC / Cainiao - innovative digital trade finance solution

HSBC has joined forces with Cainiao Network, Alibaba Group’s smart logistics platform, to offer an innovative digital trade finance solution for online merchants. The new scheme will use real-time logistics information for credit assessment, making loans more accessible and matching the fast-changing needs of new economy enterprises. TMall global merchants are benefited from the integration of Supply Chain Finance and Receivables Finance.

Watch the video and see how Cainiao and Hong Kong merchant on TMall Global think about this innovative trade finance programme.

You can download the factsheet to know more about this trade finance solution.

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Contact us

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