HKTVmall and HSBC provide digital trade finance with commercial data for credit evaluation

Financial News

Written by: Kwong Yueting

2021-02-09 17:00

Last update date: 2021-02-09 17:00

HKTVmall, a subsidiary of Hong Kong Television (1137), announced that the platform will partner with HSBC to provide merchants with a simpler and faster digital trade financing solution to help small and medium enterprises expand their e-commerce business in Hong Kong.

The two parties have taken the lead in conducting a pilot program to provide digital trade loans to Jianli Cleaning Equipment Co., Ltd., which sells household cleaning equipment and tools.

The digital trade finance plan will be released later this year.

HKTVmall will provide commercial data such as the turnover and refund records of different types of merchandise for HSBC in the process of credit evaluation and monitoring to analyze and predict customer business performance.

HSBC and HKTVmall will also cooperate with big data analysis and application programming interface (API) technology to further enhance customer experience.

Huang Yali, Chief Financial Officer of Hong Kong Television Network, said that this collaboration will further demonstrate how to transform real e-commerce operation data into tools for credit evaluation and monitoring, making business financing smarter and more efficient.

HKTVmall's parent company | Hong Kong TV’s average daily transaction volume last month fell 1.1% to 18.2 million yuan

HKTVmall will hold an online flower market to hope citizens support local flower farmers

HKTVmall's parent company, Hong Kong TV, launches scheduled taxi service in the first quarter and aims to open 2 to 3 new online shopping malls

HKTV Mall