Stephen
Man,
Head
of
Wealth
Management
and
Retail
Banking,
Standard
Chartered
Hong
Kong
(right),
and
Claus
Christensen,
CEO
&
Co-Founder
of
Know
Your
Customer
(left)
participate
in
the
HKMA
Data
Summit
2025
held
today.
They
showcase
Standard
Chartered
and
Know
Your
Customer’s
active
involvement
in
CDI
at
a
dedicated
exhibition
booth,
presenting
their
achievements
to
over
a
thousand
attendees.
By
leveraging
Know
Your
Customer’s
capabilities,
Standard
Chartered
Hong
Kong
can
automate
the
retrieval
of
company
search
data
via
the
application
programming
interface
(API)
included
in
CDI
and
unravel
complex
ultimate
beneficial
owner
(UBO)
structures
to
identify
the
true
owners
of
corporate
entities
and
improve
risk
assessment
accuracy.
This
solution
allows
the
bank
to
retrieve
information
required
for
account
opening
by
automating
data
feeds
from
Know
Your
Customer
and
empowers
the
bank
to
consolidate
company
search
data
via
CDI,
which
significantly
streamlines
the
account
opening
journey,
reduces
the
application
turnaround
time
and
drives
substantial
operational
efficiency
gains.
Stephen Man, Head of Wealth Management and Retail Banking, Standard Chartered Hong Kong, said, “The partnership with Know Your Customer is beneficial to the digital transformation and business development of Standard Chartered Hong Kong’s SME clients. As an active CDI participant we are simplifying SMEs’ loan applications and reviews. This new initiative demonstrates our commitment to offering innovative banking solutions that facilitate better client experiences. By automating KYC via Know Your Customer, we’re speeding up SME account opening and enabling non-face-to-face account applications anytime, anywhere. By leveraging alternative data through CDI and pursuing opportunities to collaborate with data partners, we can offer SMEs tailored loan solutions, helping them to enhance their operational efficiency and facilitate growth. This also contributes to the development of Hong Kong’s digital economy.”
Claus Christensen, CEO & Co-Founder at Know Your Customer, said, “When we founded Know Your Customer in Hong Kong almost a decade ago, I experienced first-hand the challenges that SMEs faced when trying to access financial services protected by manual compliance processes. That personal experience continues to inspire our mission to remove unnecessary friction from onboarding. Through real-time registry integrations and intelligent automation, we are helping to make financial access faster, safer, and more inclusive. I’m proud that our technology plays a part in empowering future entrepreneurs and excited to collaborate with Standard Chartered Hong Kong to support the HKMA’s digitalisation agenda.”
Hashtag: #StandardChartered #KnowYourCustomer
The issuer is solely responsible for the content of this announcement.
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