The Hong Kong Monetary Authority (HKMA) and the Hong Kong Science and Technology Parks Corporation (HKSTP) launched the IADS Developer Hackathon to foster bank-fintech collaboration.
The move marks the beginning of a multi-month innovation journey to foster innovation for the Interbank Account Data Sharing (IADS) initiative, and transform banking services through secure, customer-consented data sharing.
The IADS Developer Hackathon will run from October 2025 to March 2026, allowing participants to develop innovative use cases for retail, corporate and SME customer segments, with mentorship provided by banking professionals.
The initiative is formulated by the HKMA and launched with the support of the banking industry, as the IADS initiative established rules and standards that facilitate interbank customer-consented data sharing.
This enables customers to securely and efficiently share their bank account data from one participating bank to other participating banks, subject to customer consent. Account data sharing can help digitalise banking operations, strengthen risk management of banks, and enhance customer experience.
