Dun & Bradstreet Joins HKMA-led Expert Panel to Advance Digital Trade Finance under Project Cargox in Hong Kong
HONG KONG, May 8, 2025 /PRNewswire/ -- Dun & Bradstreet (D&B), a leading global provider of business decisioning data and analytics, is proud to announce its participation in the newly established Expert Panel on Project Cargox, an industry-driven initiative convened under the Hong Kong Monetary Authority (HKMA) to enhance the digital ecosystem for trade finance, particularly facilitating SME financing and building international data connectivity.
The formation of the Expert Panel on Project Cargox reflects a growing recognition of the need to digitalize and modernize trade finance. The project will concentrate on three strategic areas; leveraging cargo data to streamline trade finance processes, developing digital solutions to better support SME financing and exploring connections with international data partners. Together, these efforts aim to create a more transparent, efficient, and inclusive trade finance ecosystem.
D&B's participation in the panel offers valuable insights into key challenges within the trade finance ecosystem, while also providing robust solutions for due diligence, commercial credit, and risk assessment. Additionally, by leveraging its extensive global data capabilities, which cover $1.425 trillion in maritime trade, D&B's shipping data insights enhance visibility into cargo ownership, shipment value, and counterparties, support smarter supply chain decisions, and help validate trade compliance.
"Unlocking the value of trade and cargo data requires trust, regulatory alignment, and collaboration. With D&B's industry-leading business data and analytical insights, we are helping to bridge data gaps and support smarter trade finance decisions, especially for Hong Kong SMEs," said Andrew Wu, General Manager of D&B China.
Discussions have highlighted ongoing challenges such as fragmentation, manual processes, and fraud risks, alongside the growing potential of digitalization. Trade and cargo data are emerging as key enablers of real-time, trusted financing decisions. While promising use cases exist, issues around data standardization, completeness, and trust continue to hinder broader adoption.
The Expert Panel on Project Cargox brings together leading institutions dedicated to advancing trade finance through data and technology. Members include the Airport Authority Hong Kong, Hong Kong Export Credit Insurance Corporation and FreightAmigo Services Limited, alongside other key banking and technology partners. This collaboration represents a significant step toward building a more data-driven, inclusive, and future-ready trade finance ecosystem for Hong Kong and the region. To learn more about this project, please visit HKMA establishes Expert Panel on Project Cargox to support digital trade finance ecosystem.
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. We combine global data with local insights to help our clients to make smarter decisions. For more information on Dun & Bradstreet, please visit www.dnb.com.hk.
SOURCE Dun&Bradstreet
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