Archives

August 15, 2022 @ 11:47 pm By Omar Faridi  |  

Atome Financial recently revealed that it has committed to a $100 million debt facility with HSBC Singapore in order to support its flexible deferred payments business across Asian markets. The Fintech firm is an umbrella business division that’s made up of two main brands; buy… Read More

July 16, 2022 @ 4:23 pm By Omar Faridi  |  

Finastra and HSBC (NYSE: HSBC) announced that they are working together “to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience.” This collaboration will “take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure,… Read More

June 10, 2022 @ 3:07 pm By JD Alois  |  

Serai, an HSBC-founded venture based in Hong Kong that offered a B2B supply-chain platform, has shut down. The move was foreshadowed in an executive change last month when Vivek Ramachandran, formerly CEO of Seria, was appointed as Head of Global Trade and Receivables Finance (GTRF)… Read More

June 10, 2022 @ 10:45 am By Omar Faridi  |  

HSBC recently revealed that it is offering the Oxford Fintech Program to staff, “in first partnership of its kind between the University and the banking sector.” One of Europe’s biggest banks, HSBC, is joining forces with Saïd Business School, University of Oxford, “to help train… Read More

May 7, 2022 @ 3:47 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) has appointed Vivek Ramachandran as Head of Global Trade and Receivables Finance (GTRF), “with immediate effect.” The appointment is reportedly a return to HSBC for Vivek, who had first joined HSBC back in 2015 as the firm’s Global Head of Product and… Read More

March 16, 2022 @ 11:17 am By Omar Faridi  |  

HSBC (NYSE: HSBC) recently confirmed the closure of 69 physical branch locations across its wider bank network in the United Kingdom, in a move that could impact 400 jobs. In an official statement, the banking institution explained that the decision was taken as part of… Read More

January 13, 2022 @ 9:56 am By Omar Faridi  |  

Coupa Software (NASDAQ: COUP), a company specializing in business spend management, has announced a collaboration with HSBC under its Coupa Pay offering. Commencing with virtual cards, the collaboration will offer European firms with access to a quick, seamless, and secure way to manage payments as… Read More

December 20, 2021 @ 11:40 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has fined HSBC Bank plc £63,946,800 for “failings in its anti-money laundering processes.” As noted in an update from the FCA, HSBC used automated processes to “monitor hundreds of millions of transactions a month to identify possible financial crime.”… Read More

October 3, 2021 @ 8:54 pm By Omar Faridi  |  

HSBC and Temasek revealed that they’ve formed a partnership in order to launch a $150 million debt financing platform that’s aimed at supporting sustainable infrastructure initiatives with a special focus on Southeast Asia. This project is reportedly a part of efforts to address climate change… Read More

August 23, 2021 @ 10:10 pm By Omar Faridi  |  

HSBC Malaysia reveals that it has introduced the DuitNow Request feature for corporates so they can improve the collection of recurring payments from their clients. This secure, real-time payment solution will aim to do away with the requirement for companies to constantly follow up with… Read More

August 16, 2021 @ 6:34 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, reveals that it has committed to an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for $575 million. The goal or aim of this transaction is… Read More

June 5, 2021 @ 7:50 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, recently revealed that its UK division had introduced a fraud awareness app to offer businesses or companies up-to-the-minute or the latest updates on potential scams. HSBC, which is the second… Read More

May 5, 2021 @ 10:47 pm By Omar Faridi  |  

HSBC‘s caller ID program Voice ID has reportedly managed to reduce telephone banking fraud by more than 50% during the past 12 months, indicating that biometric verification can be quite effective in fighting against bad actors. HSBC says that its voice biometrics system has helped… Read More

April 13, 2021 @ 4:34 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) is reportedly preventing its clients from purchasing shares of MicroStrategy (NASD:MSTR), a company that has been actively acquiring Bitcoin (BTC) as part of its efforts to increase the value of its corporate treasury. HSBC stated that it would not be facilitating the… Read More

November 12, 2020 @ 10:01 am By JD Alois  |  

HSBC Bank USA, N.A., part of HSBC Group, has partnered with Biz2Credit to provide SMEs with quicker and easier access when applying for business financing. According to a note from Biz2Credit, the service is part of the HSBC Fusion service offering. The bank is using… Read More

July 16, 2020 @ 9:53 pm By Omar Faridi  |  

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has partnered with the Hong Kong Science and Technology Parks Corporation (HKSTP) in order to assist startups with their Open Banking programs (in Hong Kong). The API EcoBooster… Read More

June 9, 2020 @ 9:45 pm By Omar Faridi  |  

The global COVID-19 crisis has limited the ability of consumers to visit physical bank branch locations to take care of their banking needs or requirements. Customer service departments at banks have seen a dramatic increase in calls from clients who may have many questions and… Read More

June 1, 2020 @ 4:29 pm By Samantha Hurst  |  

HSBC recently announced it has teamed up with Equbot and IBM Watson to launch the artificial intelligence (AI)-Powered US Equity Index (AiPEX) family. The financial giant claims that the index is a market’s first in using AI as a method for equity investing. According to… Read More

March 22, 2020 @ 5:41 pm By Omar Faridi  |  

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has teamed up with Cainiao, a China-based logistics company, in order to provide faster trade finance loans to merchants via Alibaba’s Tmall platform in Hong Kong. HSBC will… Read More

January 14, 2020 @ 11:08 am By Omar Faridi  |  

HSBC, a British multinational investment bank and financial services holding company with over $2.5 trillion in total assets, has reportedly been voted as the leading trade finance bank in the Middle Eastern country of Bahrain in the Euromoney trade finance survey for 2020. This is… Read More