Shacom Bank Taps Planto for SME Multi-Bank Data Service

Hong Kong SMEs often spread payments and deposits across several banks, forcing finance teams to reconcile fragmented records before assessing liquidity. The Hong Kong Monetary Authority’s Interbank Account Data Sharing (IADS) framework enables customers to authorize secure data exchange between institutions. Shanghai Commercial Bank, also known as Shacom Bank, is using Planto’s technology to turn that infrastructure into a consolidated financial view, reducing multi-bank blind spots and manual reconciliation.

As of July 22, 2026, Shacom Bank and fintech company Planto have rolled out a mobile-app service that lets SME customers connect accounts held at multiple banks through a streamlined authorization process. The service aggregates account data and delivers real-time cash-flow analysis, giving businesses a more current view of liquidity and overall finances. The companies have not disclosed how many banks are supported, what fees apply or whether availability will expand in phases.