Tagged: hsbc

March 6, 2021 @ 7:10 pm By Omar Faridi  |  

China’s regulatory authorities have reportedly been telling local banking institutions to “trim” their loan books during 2021 to guard against potential risks resulting from bubbles in domestic capital markets. This, according to an update from Reuters which cited sources familiar with the matter (on March… Read More

January 6, 2021 @ 9:04 pm By Omar Faridi  |  

Singapore-based Silent Eight, a Regtech firm that leverages AI to prevent money laundering and terrorism financing activities, has revealed that it has agreed to a multi-year partnership with HSBC which aims to assist the bank with improving its compliance measures and related operations. HSBC chose… 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

September 1, 2020 @ 5:44 pm By JD Alois  |  

The Singapore Exchange (SGX) has completed a digital bond issuance in partnership with Temasek and HSBC. The security was issued via SGX’s digital asset issuance, depository, and servicing platform and is the first type of offering completed by the exchange. According to a note posted… Read More

July 24, 2020 @ 9:03 am By Omar Faridi  |  

Quantexa, a platform that aims to prevent financial crime, has acquired $64.7 million in funding with support from financial giants HSBC and ABN Amro Ventures. Quantexa’s recent investment round was led by Evolution Equity Partners. Accenture Ventures,  AlbionVC, British Patient Capital, and Dawn Capital also… Read More

July 21, 2020 @ 9:39 am By JD Alois  |  

The Banque of France has announced its selection of firms that will take the next step regarding a Central Bank Digital Currency or CBDC. According to a release, following the examination of the applications received on 15 May in response to the Banque de France’s… 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

May 20, 2020 @ 9:12 pm By Omar Faridi  |  

Australian Securities Exchange (ASX)-listed Fintech firm Identitii (ASX:ID8) claims that the strength of its network, which includes global banking clients, has been one of its main competitive advantages. Identitii works with major banking institutions including HSBC. They’re both developing the Overlay+ platform, which is a… Read More

May 15, 2020 @ 8:12 am By JD Alois  |  

  Singapore based Fintech Spark Systems has closed on a “Series BB” funding round raising S$15m (USD $10.5m). The funding comes from Citi and HSBC as well as OSK Ventures. They will join the existing investor base including; Vickers Venture, Dymon Asia Ventures, Dymon Asia… Read More

May 6, 2020 @ 2:07 pm By JD Alois  |  

The Libra Association, founded by Facebook to create a global payments cryptocurrency, has announced the selection of Stuart Levey as its first CEO. Levey will step into the leadership position from HSBC, a global bank with 235,000 employees across 64 countries. Levey is currently serving… 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

March 13, 2020 @ 3:44 pm By Omar Faridi  |  

The overall demand for IT workers in the UK’s Fintech industry has been increasing steadily, despite the political and economic uncertainty in the country. There has been a 5.9% yearly growth in the number of financial technology jobs in the UK. This, according to the… 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

December 19, 2019 @ 10:34 am By Omar Faridi  |  

The “operating system (OS) of finance,” OpenFin revealed on December 18 that HSBC took part in its Series C investment round, which now brings the total capital raised in the latest round to $22 million and total funding to date stands at $45 million. OpenFin… Read More

December 16, 2019 @ 7:47 am By Omar Faridi  |  

HSBC Bank plc, one of the world’s largest banking and financial services organizations with a market cap of more than $156 billion, is reportedly working with UK-based charities to assist homeless citizens, who do not have residential addresses or government-issued IDs, to open bank accounts… Read More

November 24, 2019 @ 10:42 am By Omar Faridi  |  

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have reportedly performed the first blockchain-based trade finance transaction in the Middle Eastern nation using R3’s Corda technology. According to a November 23 report from Oman Observer, Oman Oil and Orpic Group, the country’s largest… Read More

November 18, 2019 @ 7:23 am By Omar Faridi  |  

HSBC has been focusing on improving its digital banking platform in order to attract more tech-savvy clients, as the giant financial institution continues to face competition from Fintech firms and new payment services companies. There are reportedly eight new virtual banks that are expected to… Read More

November 13, 2019 @ 9:45 am By Omar Faridi  |  

HSBC Holdings plc (HSBC), a British multinational investment bank and financial services holding company, and the Royal Bank of Scotland Group plc (RBS) are preparing to introduce their digital banking platforms in order to meet client requirements. HSBC Kinetic, the bank’s new digital banking platform,… Read More