Hang Seng Bank Limited
Business Banking Digitally Online Services: IADS Programme
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Empowering Your Financial Journey

#IADS

What is the Interbank Account Data Sharing (IADS) ?

The IADS programme is formulated by the Hong Kong Monetary Authority and launched with the support of the banking industry. The IADS programme has established the rules and standards facilitating interbank customer-consented data sharing. This allows customers to securely and efficiently share their bank account data from one participating bank (Data Providing Bank) to other participating banks (Data Consuming Bank), subject to customer consent. Account data sharing could help digitalise banking operations, strengthen risk management of banks, and enhance customer experience.

What We Offer? 

Data Sharing
Secured and efficient data exchange between banks

Secured and efficient data exchange between banks

Consent Management
Customers have full control over their data, with the ability to grant or revoke consent for data sharing

Customers have full control over their data, with the ability to grant or revoke consent for data sharing

IADS use case:

Loan application

Account transaction data can help Hang Seng Bank to better understand the financial situations of customers with Hang Seng Business e-Banking, thereby streamlining and expediting the loan application process.

Consolidated View of Accounts

Consolidating cross-bank accounts into Hang Seng Business e-Banking allows Hang Seng Bank to analyse customers’ account data more effectively and enhance the user experience.

Supported bank list:

  • The Hongkong and Shanghai Banking Corporation Limited
  • Bank of China (Hong Kong) Limited

FAQ:

Deposit account data of corporate and small and medium-sized enterprises, limited to account availability, account status, account balances and transaction records

Customer consent journey overview:

 

1. Customer initiates the consent procedures through the Data Consuming Bank’s platform (e.g. internet banking platform )

2. The platform above will redirect the customer to the internet banking platform of the selected Data Providing Bank

3. The customer logs in to internet banking platform of the Data Providing Bank and then reviews and confirms the consent details

4. If the customer wishes to grant the consent to multiple Data Providing Banks, repeat the above three steps for each selected Data Providing Bank

Customers can view the current status of their consents and revoke their consents as required, through the internet banking platform of their Data Providing Banks at any time. Since the internet banking platform design and process flow may vary with banks, please contact the respective banks for details

Yes, customers can use this service free of charge.

Companies that hold a Certificate of Incorporation or a Business Registration Certificate and are incorporated in Hong Kong are eligible to use this service.

Other banks will share data from the 180 days prior to the day you grant consent, accessible throughout the 1 year consent period.

Yes, you may grant consent multiple times to Hang Seng Bank to access your accounts held at other banks.

Yes, once Primary User(s) link other bank accounts and consent to share data, Secondary User(s) can also view data from the related linked accounts, and vice versa.

Business Banking

Important Message to Readers and Internet Privacy Policy Statement 沪ICP备17018950号-2

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