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PAOB Partners with FWD HK to Launch HK 1st Bancassurance CDI Collaboration
Ping An OneConnect Bank (PAOB), a virtual bank, announced that it entered into a cooperation agreement with FWD Hong Kong to study the use of virtual bank's fintech advantages ...
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PAOB Partners with FWD HK to Launch HK 1st Bancassurance CDI Collaboration
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Ping An OneConnect Bank (PAOB), a virtual bank, announced that it entered into a cooperation agreement with FWD Hong Kong to study the use of virtual bank's fintech advantages and the vast commercial data in an insurance company, and to simplify the loan application and approval process.

The two parties jointly participated in Hong Kong Monetary Authority (HKMA)'s Commercial Data Interchange (CDI) plan to launch Hong Kong's first BDA collaboration between a virtual bank and an insurance company.

The collaboration is expected to facilitate cross-sector data flow and bring about a breakthrough in the integration and application of data in Hong Kong's financial system.

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