"Nova Credit's mission is to redefine the credit referencing industry in Hong Kong. Using customer-driven service approach, state-of-the-art technology, and smart data analytics, we are here to provide data intelligence services at the highest professional level, helping financial institutions to have better risk management and to open up more business opportunities."

Mr. SAMUEL HO, CEO, Nova Credit

• Seasoned management team from banks, financial institutions and credit bureaus, accompanied by an experienced and innovative technical team
• Score scaling criteria alignment across GBA
• Standardization of risk assessment methodologies across GBA making reference to globally recognized standards

• Service Continuity – ensuring uninterrupted service with backup data centre and telecom service provider
• Real-time Monitoring – secured data centre with 24x7 monitoring
• Dependable Protection – robust encryption for protecting data against unauthorized access and data leakage

• Nova Credit is committed to providing personal and SME credit referencing services in GBA to facilitate cross-boundary financial services such as SME cross-boundary financing and mortgages etc

• Facilitate banks in Hong Kong to grasp the opportunities for developing Fintech business in GBA with the latest Fintech solutions

The "Smart Open Data Advancement Consortium" has been formed led by Nova Credit together with the Hong Kong Applied Science and Technology Research Institute (ASTRI), City University of Hong Kong, Deloitte, FORMS SYNTRON, Joint Electronic Teller Services Limited (JETCO) as well as representatives from other industries such as insurance, telecommunication, banking and other leading organizations. It is essentially an open application interface (API) and blockchain technology-based platform enabling innovative data management and exchanges initiated by individual consent allowing easy access of information / records by designated organizations.

A few applications for:

Citizen 

• Controlling and enabling personal data exchanges among banks, brokerages, utilities, government departments, etc
• Heightening the involvement of individual on data utilization by promptly notifying him of his own data flow

Business 

• Performing  "Know Your Customer" more efficiently and reliably without requesting customers to provide excessive information but with shared open data instead
• Digital certification verification