Archives

February 27, 2025 @ 3:20 pm By Omar Faridi  |  

AI is advancing as a driver of the “next generation” of payments and treasury solutions, as organizations seek to leverage tech in order to address operational challenges in an effective manner, a research report by HSBC (NYSE: HSBC) in collaboration with Accenture (NYSE: ACN) highlights. The report,… Read More

January 27, 2025 @ 8:44 am By Omar Faridi  |  

HSBC has announced plans to shut down its international money app, Zing, just a year after it launched in the UK. Zing, which aimed to simplify international banking for UK residents, offered a multi-currency app and debit card. Users could hold and transact in over… Read More

October 21, 2024 @ 8:56 am By Omar Faridi  |  

HSBC UK announced it is making its UK mortgages accessible for international homebuyers by introducing tech that makes it easier for customers to leverage their credit history for their UK mortgage application. With newcomers to the UK and global customers facing various challenges and delays… Read More

October 6, 2024 @ 2:01 pm By Michael Wong  |  

HSBC Holdings plc has unveiled SemFi by HSBC, a new joint venture with Tradeshift, a global B2B trade network, aimed at delivering seamless embedded finance solutions to business clients. SemFi will integrate HSBC’s payment, trade, and financing services across various e-commerce and marketplace platforms, including… Read More

September 28, 2024 @ 10:41 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) announces that it has signed an agreement with HSBC (NYSE: HSBC) for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1… Read More

September 22, 2024 @ 7:21 pm By Michael Wong  |  

HSBC has successfully tested the use of quantum-secure technology for the buying and selling of tokenised physical gold, marking a significant advancement in protecting critical financial applications from potential future quantum computing threats. This milestone is part of HSBC’s ongoing efforts to safeguard digital assets… Read More

September 20, 2024 @ 9:24 am By Omar Faridi  |  

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, will provide its technology to HSBC Global Private Banking. The solution will be fully integrated into HSBC’s platform “to digitalize the private market investment experience for its relationship managers,… Read More

August 30, 2024 @ 8:57 am By JD Alois  |  

Validus is reporting new capital from HSBC in the amount of USD $50 million. The funds will be utilized to provide online lending for micro, small, and medium enterprises (MSMEs) in Indonesia. Validus, based in Singapore, will release the funds via its subsidiary Batumbu, which… Read More

May 23, 2024 @ 8:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has fined HSBC £6,280,100 for the poor treatment of its customers. According to the FCA, HSBC failed to properly consider people’s circumstances when they had missed payments. This transgression took place between June 2017 and October 2018. The FCA… Read More

April 8, 2024 @ 9:46 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading enterprise businesses, today announced its partnership with PayMe by HSBC in Hong Kong to become an acquirer for the mobile payment service. Through this partnership, Adyen’s merchants can now accept PayMe as “a payment… Read More

February 11, 2024 @ 11:11 am By Omar Faridi  |  

HSBC (NYSE: HSBC) announced a partnership with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the Google Cloud Ready – Sustainability (GCR-Sustainability) program. GCR-Sustainability is a validation program for companies with solutions available on Google Cloud that help… Read More

January 3, 2024 @ 8:41 am By Omar Faridi  |  

Dwayne Gefferie, a strategist helping payments companies with scaling operations, has commented on why he thinks UK Fintech Wise (LSE:WISE) and Revolut need to take HSBC‘s new initiative seriously. According to Gefferie, if HSBC‘s announcement of their new venture Zing teaches us anything, it is… Read More

November 8, 2023 @ 7:34 am By Omar Faridi  |  

HSBC (NYSE: HSBC)  intends to introduce in 2024 a custody service for storing blockchain-enabled assets, which excludes cryptocurrency, the banking institution revealed on Wednesday. The newly announced service, which is through a partnership with digital asset service provider Metaco, will enable financial institutions to store… Read More

September 20, 2023 @ 8:38 am By Michael Wong  |  

In a significant move towards bolstering the global fight against climate change, HSBC announced today its commitment to allocate $1bn in financing to early-stage climate tech startups worldwide. This ambitious initiative aims to accelerate the development of innovative solutions in various domains, including electric vehicle… Read More

September 8, 2023 @ 10:50 am By Omar Faridi  |  

Terra Quantum, a quantum technology firm, and HSBC (NYSE: HSBC) are partnering to explore hybrid quantum technology applications, according to a company statement. As quantum technology evolves, early adopters like HSBC are poised “to explore the potential benefits of increased efficiency, cost reduction, and a… Read More

August 26, 2023 @ 4:55 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) announced that HSBC Innovation Banking, a business division with services provided by HSBC Bank USA, N.A. and its affiliates, has “expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises.” While HSBC has been… Read More

August 20, 2023 @ 9:58 pm By Omar Faridi  |  

Atome Financial has announced that it has renewed and expanded its partnership with HSBC Singapore to include the Philippine market to its US$100m debt facility. At the moment, Atome has reportedly “disbursed more than US$4b in loans.” Atome Financial and HSBC Singapore had “entered into… Read More

August 3, 2023 @ 9:31 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) and B2B fintech Tradeshift have announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps. As part of this agreement, HSBC will reportedly “make a $35 million investment into Tradeshift in… Read More

June 2, 2023 @ 3:17 pm By Omar Faridi  |  

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

April 15, 2023 @ 2:46 pm By Omar Faridi  |  

iCapital, a global fintech platform driving access to alternative investment products in the wealth management industry, announced a collaboration with HSBC Asset Management (HSBC AM) “to widen access to its climate technology venture capital strategy (climate tech VC) for wholesale clients.” Using its technology, iCapital… Read More