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Leveraging open banking phase 3 & 4 and
CDI to create a smart and vibrant
business ecosystem
FORMS HK or #formshk forms-fi...
Agenda
• Introduction
• Open API phase 3 & 4 and CDI
• An era that many can win
• AMA (a.k.a. Q&A)
forms-fintech.com
2
About FORMS
Objectives
3
forms-fintech.com
About FORMS
Who we are
Listed in
SZ
(300468.SZ)
4
2,000+
Talent
s
Beijing
Xi’an
Chengdu
Shanghai
Hefei
Bangkok
Hong Kong
&...
About FORMS 5
forms-fintech.com
What We Do
with
ESTABLISHED BANKS
with
VIRTUAL BANKS
with
CENTRAL BANKS
“CHANGE THE BANK” ...
About FORMS 6
forms-fintech.com
Wholesale CBDC
Agenda
• Introduction
• Banking Open API phase 3 & 4 and CDI
• An era that many can win
• AMA (a.k.a. Q&A)
7
Banking Open API
Phase 1
Product InformationI
Phase 2
Customer Acquisition
Phase 3 & 4
Account Information
and Transaction...
Commercial Data Interchange
forms-fintech.com
Commercial Data Interchange
The introduction of a river that enables more vibrant activities.
forms-fintech.com
Commercial Data Interchange
The introduction of a river that enables more vibrant activities.
forms-fintech.com
Agenda
• Introduction
• Banking Open API phase 3 & 4 and CDI
• An era that many can win
• AMA (a.k.a. Q&A)
12
About FORMS 13
forms-fintech.com
Just-in-time SME lending
• Customer: A growing small manufacturing
business in need of fu...
About FORMS 14
forms-fintech.com
Just-in-time SME lending
Source: World Economic Forum
• Additional value to stakeholders:...
About FORMS 15
forms-fintech.com
Just-in-time SME lending
Source: World Economic Forum
• Additional value to stakeholders:...
About FORMS 16
forms-fintech.com
Data-linked green bonds
• Customer: A corporate that wishes to
construct a carbon-neutral...
About FORMS
Data-linked green bonds
17
forms-fintech.com
• Additional value to stakeholders:
• The bank structures a bond ...
About FORMS
Data-linked green bonds
18
forms-fintech.com
• Additional value to stakeholders:
• The bank structures a bond ...
About FORMS
Data-linked green bonds
19
forms-fintech.com
• Additional value to stakeholders:
• The bank structures a bond ...
About FORMS
More business banking use cases
20
forms-fintech.com
The identified use cases are prioritized based on cost-
b...
About FORMS
From banks’ perspective
21
forms-fintech.com
About FORMS
Some more examples
22
forms-fintech.com
SME banking can leverage Open APIs for new business opportunities. Ban...
About FORMS
The future ecosystem
23
forms-fintech.com
FIs
Corporates
SMEs
FinTechs
Aggregators
/ Enablers
About FORMS
The future ecosystem
24
forms-fintech.com
CDI
SMEs
FIs
Aggregators
/ Enablers
FinTechs
Corporates
Agenda
• Introduction
• Banking Open API phase 3 & 4 and CDI
• An era that many can win
• AMA (a.k.a. Q&A)
25
Cross-border
FinTech
Together we make
financial services simpler,
faster, smarter and safer
FORMS HK or #formshk
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apidays LIVE Hong Kong 2021 - Leveraging open banking phase 3 & 4 and CDI to create a smart and vibrant SME ecosystem by Howard Wong, FORMSHK

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apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange
August 25 & 26, 2021

Leveraging open banking phase 3 & 4 and CDI to create a smart and vibrant SME ecosystem
Howard Wong, Chief FinTech Evangelist at FORMSHK

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apidays LIVE Hong Kong 2021 - Leveraging open banking phase 3 & 4 and CDI to create a smart and vibrant SME ecosystem by Howard Wong, FORMSHK

  1. 1. Leveraging open banking phase 3 & 4 and CDI to create a smart and vibrant business ecosystem FORMS HK or #formshk forms-fintech.com
  2. 2. Agenda • Introduction • Open API phase 3 & 4 and CDI • An era that many can win • AMA (a.k.a. Q&A) forms-fintech.com 2
  3. 3. About FORMS Objectives 3 forms-fintech.com
  4. 4. About FORMS Who we are Listed in SZ (300468.SZ) 4 2,000+ Talent s Beijing Xi’an Chengdu Shanghai Hefei Bangkok Hong Kong & Shenzhen forms-fintech.com
  5. 5. About FORMS 5 forms-fintech.com What We Do with ESTABLISHED BANKS with VIRTUAL BANKS with CENTRAL BANKS “CHANGE THE BANK” “BUILD THE BANK” “Shape the future of money”
  6. 6. About FORMS 6 forms-fintech.com Wholesale CBDC
  7. 7. Agenda • Introduction • Banking Open API phase 3 & 4 and CDI • An era that many can win • AMA (a.k.a. Q&A) 7
  8. 8. Banking Open API Phase 1 Product InformationI Phase 2 Customer Acquisition Phase 3 & 4 Account Information and Transactions I Data value to consumers and the industry Business and servicing opportunities Better tailored, more variety More personal, more informative forms-fintech.com
  9. 9. Commercial Data Interchange forms-fintech.com
  10. 10. Commercial Data Interchange The introduction of a river that enables more vibrant activities. forms-fintech.com
  11. 11. Commercial Data Interchange The introduction of a river that enables more vibrant activities. forms-fintech.com
  12. 12. Agenda • Introduction • Banking Open API phase 3 & 4 and CDI • An era that many can win • AMA (a.k.a. Q&A) 12
  13. 13. About FORMS 13 forms-fintech.com Just-in-time SME lending • Customer: A growing small manufacturing business in need of funding • Technology: • connecting credit engine of the bank to the SME’s operational data / supply chain information and financial data, with IoT sensors on critical machines for maintenance and use monitoring • AI decisioning tools using real-time data to assist on granting loans to the SME base on certain predefined parameters, e.g. new business, key equipment breakdown Source: World Economic Forum Source: World Economic Forum
  14. 14. About FORMS 14 forms-fintech.com Just-in-time SME lending Source: World Economic Forum • Additional value to stakeholders: • When the SME is short of materials to fulfil a new order, the AI model can underwrite a new loan and adjust the rate according to continuous incoming data. The SME and the bank saves time compare to having to handle multiple loan applications • Data collected, through 3rd party analytical tools, can also be used to advise the SME to improve operations (e.g. cost reduction, maintenance scheduling, staff optimization). The bank becomes a strategic advisor and the SME becomes a client with a more robust business Source: World Economic Forum
  15. 15. About FORMS 15 forms-fintech.com Just-in-time SME lending Source: World Economic Forum • Additional value to stakeholders: • When the SME is short of materials to fulfil a new order, the AI model can underwrite a new loan and adjust the rate according to continuous incoming data. The SME and the bank saves time compare to having to handle multiple loan applications • Data collected, through 3rd party analytical tools, can also be used to advise the SME to improve operations (e.g. cost reduction, maintenance scheduling, staff optimization). The bank becomes a strategic advisor and the SME becomes a client with a more robust business Source: World Economic Forum
  16. 16. About FORMS 16 forms-fintech.com Data-linked green bonds • Customer: A corporate that wishes to construct a carbon-neutral manufacturing plant due to ESG obligations • Technology: • IoT devices collect data from the plant’s exhaust vent, net energy usage from non- renewable sources, and water quality in the plant’s tailing ponds • AI analyse the above data together with other metrics to benchmark performance against established environmental index(es)
  17. 17. About FORMS Data-linked green bonds 17 forms-fintech.com • Additional value to stakeholders: • The bank structures a bond for the customer and helps measures the plant’s performance against the established index(es) • The bank can source institutional investors that are willing to accept a small discount to the bond’s coupon if the plant meets the established sustainability targets • If the plant’s emission levels exceed the set limits, the corporate bond automatically begins to pay a higher coupon rate until the issue is fixed
  18. 18. About FORMS Data-linked green bonds 18 forms-fintech.com • Additional value to stakeholders: • The bank structures a bond for the customer and helps measures the plant’s performance against the established index(es) • The bank can source institutional investors that are willing to accept a small discount to the bond’s coupon if the plant meets the established sustainability targets • If the plant’s emission levels exceed the set limits, the corporate bond automatically begins to pay a higher coupon rate until the issue is fixed
  19. 19. About FORMS Data-linked green bonds 19 forms-fintech.com • Additional value to stakeholders: • The bank structures a bond for the customer and helps measures the plant’s performance against the established index(es) • The bank can source institutional investors that are willing to accept a small discount to the bond’s coupon if the plant meets the established sustainability targets • If the plant’s emission levels exceed the set limits, the corporate bond automatically begins to pay a higher coupon rate until the issue is fixed
  20. 20. About FORMS More business banking use cases 20 forms-fintech.com The identified use cases are prioritized based on cost- benefit analysis. The following use cases are the most needed by SME businesses given cost constraints. • Business loan - enable SMEs to grow their businesses, and the various APIs and completed market rules make the development of business loans more mature • Foreign exchange – help SMEs to prepare themselves on the risks from foreign exchange • Cashflow management - protect company growth in today’s climate of uncertainty • Line of credit dashboards - is different from bank loans on the basis of how they work. It offers SMEs a reserved fund for urgent situations and a flexible repayment schedule
  21. 21. About FORMS From banks’ perspective 21 forms-fintech.com
  22. 22. About FORMS Some more examples 22 forms-fintech.com SME banking can leverage Open APIs for new business opportunities. Banks first need to understand where best to apply them. The value chain below can facilitate discussions of the potential in serving the SME market with open API.
  23. 23. About FORMS The future ecosystem 23 forms-fintech.com FIs Corporates SMEs FinTechs Aggregators / Enablers
  24. 24. About FORMS The future ecosystem 24 forms-fintech.com CDI SMEs FIs Aggregators / Enablers FinTechs Corporates
  25. 25. Agenda • Introduction • Banking Open API phase 3 & 4 and CDI • An era that many can win • AMA (a.k.a. Q&A) 25
  26. 26. Cross-border FinTech Together we make financial services simpler, faster, smarter and safer FORMS HK or #formshk

apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange August 25 & 26, 2021 Leveraging open banking phase 3 & 4 and CDI to create a smart and vibrant SME ecosystem Howard Wong, Chief FinTech Evangelist at FORMSHK

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