ZA Bank advances IADS adoption to back HKMA’s Fintech 2030 goals

Expansion aligns with HKMA’s Fintech 2030 vision.

ZA Bank CEO Calvin Ng outlined the bank’s open banking strategy at Hong Kong FinTech Week 2025, highlighting how Interbank Account Data Sharing (IADS) is shaping the next phase of digital banking in Hong Kong.

Speaking at a forum hosted by the Hong Kong Monetary Authority (HKMA), Ng said ZA Bank is using IADS to enhance product development and streamline services. The bank’s IADS-enabled instant loan approval allows customers to share data from other banks for automatic credit assessment without document submission.

ZA Bank plans to extend IADS to one-click loan repayment setup, flexible repayment scheduling, and real-time financial insights based on cross-bank data. Ng said collaboration across banks and fintech firms remains key to expanding open banking adoption.

The bank also reaffirmed its support for the HKMA’s Fintech 2030 roadmap, noting alignment in areas such as data and AI, cybersecurity, and tokenisation.