At a ceremony in the Hong Kong Fintech Week event today, the Hong Kong Monetary Authority announced the official launch of eTradeConnect, initially connecting 12 joining banks with some of their trade finance pilot clients to share trade information with the use of blockchain technology.
Representing OneConnect, Ping An Group Deputy CEO, COO and CIO, Jessica Tan said: "OneConnect is proud to have helped deliver Hong Kong's first blockchain-powered trade finance platform. This is also a first for the Asia Pacific region, which is a credit to the HKMA and banking industry."
Founding banks of the platform include The Australia and New Zealand Banking Group Limited (ANZ), Bank of China (Hong Kong) Limited, The Bank of East Asia, Limited, DBS Bank (Hong Kong) Limited, Hang Seng Bank Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited. Currently other member banks are Agricultural Bank of China Limited Hong Kong Branch, Bank of Communications Co., Ltd. Hong Kong Branch, BNP Paribas Hong Kong Branch, Industrial And Commercial Bank of China (Asia) Limited and Shanghai Commercial Bank Limited.
Leveraging blockchain's distributed ledger technology, financial institutions will potentially be able to access real-time, secured and comprehensive trade information to conduct their risk assessment on loans. The blockchain technology will also enhance efficiency and potentially reduce financial costs for companies by digitalizing trade documents in trade loan applications.
pingan.com.hk
SOURCE Ping An Insurance (Group) Company of China, Ltd.
Representing OneConnect, Ping An Group Deputy CEO, COO and CIO, Jessica Tan said: "OneConnect is proud to have helped deliver Hong Kong's first blockchain-powered trade finance platform. This is also a first for the Asia Pacific region, which is a credit to the HKMA and banking industry."
Founding banks of the platform include The Australia and New Zealand Banking Group Limited (ANZ), Bank of China (Hong Kong) Limited, The Bank of East Asia, Limited, DBS Bank (Hong Kong) Limited, Hang Seng Bank Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited. Currently other member banks are Agricultural Bank of China Limited Hong Kong Branch, Bank of Communications Co., Ltd. Hong Kong Branch, BNP Paribas Hong Kong Branch, Industrial And Commercial Bank of China (Asia) Limited and Shanghai Commercial Bank Limited.
Leveraging blockchain's distributed ledger technology, financial institutions will potentially be able to access real-time, secured and comprehensive trade information to conduct their risk assessment on loans. The blockchain technology will also enhance efficiency and potentially reduce financial costs for companies by digitalizing trade documents in trade loan applications.
pingan.com.hk
SOURCE Ping An Insurance (Group) Company of China, Ltd.
Finyear & Chaineum
Lisez gratuitement :
Le quotidien Finyear
- Sa newsletter quotidienne :
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation, Finance Digitale, Cryptofinance.
Read for free :
The daily newspaper Finyear
- Its daily newsletter :
Receive the Finyear's newsletter every morning by email, a daily snapshot of the best news and expertise in Finance innovation, Digital Finance, Cryptofinance.
----------------
Chaineum Capital Partners, the bridge between old finance & crypto finance
ICO & STO advisory, fundraising, capital raising, funding, private placement, M&A.
Le quotidien Finyear
- Sa newsletter quotidienne :
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation, Finance Digitale, Cryptofinance.
Read for free :
The daily newspaper Finyear
- Its daily newsletter :
Receive the Finyear's newsletter every morning by email, a daily snapshot of the best news and expertise in Finance innovation, Digital Finance, Cryptofinance.
----------------
Chaineum Capital Partners, the bridge between old finance & crypto finance
ICO & STO advisory, fundraising, capital raising, funding, private placement, M&A.
Autres articles
-
Coinbase et Visa, un partenariat pour des transferts en temps réel
-
Brilliantcrypto, la nouvelle aventure play-to-earn basée sur la blockchain Polygon, arrive sur Epic Game Store
-
Nomination | Truffle Capital promeut Alexis Le Portz en qualité de Partner
-
IPEM Paris 2024 : 5500 participants au Palais des congrès
-
Pomelo annonce une Série A à 35 millions de dollars menée par Vy Capital
Imprimer
Partager