Mr Howard Lee, Deputy Chief Executive of the Hong Kong Monetary Authority, said, "Riding on the momentum created by the CDI pilot last year, we are delighted to welcome the first batch of participating banks at CDI official launch. We will continue to explore more innovative financial applications leveraging CDI, including the automation of credit assessment and lending process. In future, we envision that the CDI ecosystem will continue to flourish with more multilateral data sharing, unleash the power of commercial data and promotes financial inclusion." Donald Lam, Head of Commercial Banking at Hang Seng, said: "As a key member of Hong Kong's fintech ecosystem, Hang Seng recognises the benefits of initiatives such as CDI that bring together data and technology to enhance decision-making and shorten loan application times. Making effective use of data is an integral part of our customer- centric service model.