Regulatory Alerts2025-10-10
Added · Updated
Cross-boundary Data Validation Platform
The Hong Kong Monetary Authority encourages authorized institutions to leverage the Shenzhen-Hong Kong cross-boundary data validation platform to unlock data-driven business opportunities in the Greater Bay Area. The blockchain-based infrastructure enables banks to verify the authenticity of personal and corporate documents without cross-border data transfer, having already facilitated over HK$150 million in loans. The regulator highlights good practices regarding diverse data sources, CDI integration, and data security while announcing future enhancements to expand data types and geographical coverage.
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