Citi Hong Kong unveils IADS-powered Wealth 360 

Customers can view their deposit accounts across different bank in one place.

Citi Hong Kong has launched Wealth 360, a wealth management feature that gives users real-time access to their interback account and carbon footprint overview, among others.

The feature, now available to select customer segments, makes use of the Interbank Account Data Sharing (IADS) pilot program introduced by the Hong Kong Monetary Authority (HKMA). 

Introduced by the HKMA in 2023, the IADS pilot program encourages the sharing of customer account data among banks. Customers will be able to access information of their deposit accounts at other banks such as account status, balances and transaction details – all on one app.

Amongst new features offered by Wealth 360 include interbank account overview, monthly cash flow reports, insights into personal spending habits, personalized financial insights, and carbon footprint overview. 

Customers are also offered insights on their carbon footprint– allowing them to view their own carbon emissions generated in different spending categories. This covers credit card transactions and spending activities across savings accounts. 

Wealth 360 will be gradually expanded to the entire customer base.