Archives

February 1, 2023 @ 8:17 am By Omar Faridi  |  

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and… Read More

January 24, 2023 @ 10:42 am By JD Alois  |  

LendInvest (LSE:LINV) has announced a partnership with the British Business Bank to aid in the building of more homes, financed by HSBC, according to a note from the Fintech. LendInvest states that HSBC will provide £100 million for LendInvest’s development finance program. The project is… Read More

December 14, 2022 @ 11:06 am By Omar Faridi  |  

Extend, a virtual card and spend management platform, announced a partnership with HSBC (NYSE: HSBC), one of the world’s largest banking and financial services organizations. HSBC will offer Extend solutions “to its commercial card clients in the U.S. to help companies manage spending with the… Read More

November 20, 2022 @ 9:32 pm By Omar Faridi  |  

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc announced that the blockchain-based solution they are using for bilateral FX settlements is “expanding to include the offshore yuan (CNH).” The offshore yuan “marks the fifth currency to be settled between the two banks using… Read More

November 9, 2022 @ 9:31 am By Omar Faridi  |  

HSBC is pleased to partner with Marketnode, a SGX Group and Temasek joint venture and digital markets infrastructure operator, and UOB in order “to pilot fully digital issuance of wealth management products as part of a Monetary Authority of Singapore (MAS)-led collaboration on asset tokenisation,… Read More

November 7, 2022 @ 4:29 pm By JD Alois  |  

Global banking firm HSBC is having some issues with its online banking service as well as some credit cards, according to multiple reports and Tweets. The issues kicked up last week and appear to be ongoing today. As far as we know, the problems are… Read More

October 8, 2022 @ 6:15 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. Whilst making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will “power commerce that is rapidly evolving across different… Read More

September 29, 2022 @ 11:47 pm By Omar Faridi  |  

Nova Credit, which claims to be one of the world’s leading consumer-permissioned credit bureaus, announced that it has partnered with HSBC (NYSE: HSBC) in order “to provide the bank with global access to its cross-border credit data product, Credit Passport, creating more opportunities for credit… Read More

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