HKSTP and HSBC Group Up to Drive Open Banking Innovation in Hong Kong

Hong Kong Science and Innovation Parks Corporation (HKSTP) has teamed up with HSBC today to drive open banking innovation for start-ups and innovation endeavors.

HSBC will be the lead partner in the API EcoBooster (Programme) to coach and co-create API options in the areas of loan services, deals and operation, credit card, digital payments and customer records management for the commercial and retail banking markets.

In addition, the Programme will be supported by beNovelty as innovation partner to offer technical clinics and arrange sandboxes with more than 100 banking APIs and mock data on its API combination platform for innovators to trial their APIs.

Albert Wong Albert Wong, CEO, HKSTP, said,” HKSTP is happy to collaborate with HSBC on the API EcoBooster Program, co-creating a trusted network of fintechs and industry professionals. This Programme will open business-to-business chances and accelerate wise banking development into a new period, with a view to solidifying Hong Kong as a worldwide fintech hub.Additionally, HKSTP makes every effort to accelerate the development of Open API through a variety of value-added services. At our Data Studio, more than 400 datasets are made readily available from industry partners of 9 categories, and over 1,300 developers have actually registered to co-create applications with the shared data resources. By leveraging this strategic effort and partnerships, HKSTP will continue to help with exchange of information and assist businesses attain business innovation across various markets within the Open API community.” Diana Cesar Diana Cesar,

President

, Hong Kong, HSBC, said,

“Open banking is playing an essential role in driving development in monetary services. Our collaboration with HKSTP opens an essential avenue for HSBC to encourage the advancement of new smart banking efforts and market collaborations, offering support to Hong Kong’s clever city aspirations. HSBC is at the leading edge of driving digital innovation. We anticipate seeing the development of pioneering API services that make banking more accessible for both individuals and companies.”

Registration for the Programme is open to developers around the world till 14 August 2020 where 30 proposals will be picked. The designers will show their final propositions to HSBC and the banking industry at the conclusion of the Programme in October.

Featured Image: Albert Wong (left), CEO, HKSTP; and Diana Cesar (best), President, Hong Kong, HSBC

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