Hang Seng Commercial Bank launches interbank cash flow analysis platform, simultaneously adding "Loan Capacity Calculator"

Hang Seng (00011.HK) announced the launch of a cross-bank cash flow analysis platform, allowing SME clients to integrate transaction records from different bank accounts with one click through Hang Seng Business e-Banking, and to view cash flow across bank accounts.

SME clients of Hang Seng need to authorize Hang Seng through the Hong Kong Monetary Authority's "Account Interconnect" (IADS) via the Hang Seng Business e-Banking platform to directly obtain their account information and data from other participating banks in order to use the cross-bank cash flow analysis platform, which allows them to review their comprehensive cash flow trend charts across banks for the past 12 months. This platform not only helps corporate clients grasp their cash inflow and outflow records and net cash flow trends but also provides important reminders for cash inflow and outflow dates, including loan repayment due dates and payment of business card bills.

To further support SME financing planning and needs, Hang Seng Business e-Banking has also added a "Loan Capacity Calculator" for SMEs. After entering specified financial and credit information, the calculator can instantly provide a preliminary estimate of their loan capacity, with dedicated personnel following up on clients' financing and banking service needs.

Li Siu-yee, Director of Commercial Banking at Hang Seng Bank, stated that the newly launched cross-bank cash flow analysis platform and loan capacity calculator help SMEs increase the transparency of financial management, assist them in managing financing planning more effectively, and further enhance operational efficiency