Tagged: hsbc

HSBC Bank USA Introduces Apple Business Chat via LivePerson’s Cloud Platform to Enhance Digital Banking Experience

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

HSBC Joins Forces With EquBot & IBM Watson to Introduce AI-Powered U.S. Equity Index

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

Australian Securities Exchange listed Fintech Identitii Reveals Roadmap and Business Strategy for 2020

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

Fintech Spark Systems Raises S$ 15 Million

  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

The Libra Association Announces New CEO as Stuart Levey Steps Into Leadership Position

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

HSBC Partners with Chinese Logistics Firm Cainiao to Offer Faster Trade Finance Loans via Alibaba’s Tmall Platform

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

Fintech: UK Records 5.9% Increase in Financial Technology Jobs, Despite Political Uncertainty, New Report Reveals

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

Financial Giant HSBC Voted Leading Trade Finance Bank in Bahrain in EuroMoney’s 2020 Survey

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

OpenFin, the “Operating System of Finance,” Reveals Financial Giant HSBC Took Part in its Series C Round

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

HSBC Is Working with Local Charities in the UK to Offer Basic Bank Accounts to Homeless People

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

Oman Oil and Orpic Group and HSBC Bank Oman SAOG Perform First Blockchain-based Trade Finance Transaction in the Country

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

HSBC Says there’s No Need for a Virtual Bank License to Provide Digital Banking Services

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

HSBC Holdings and Royal Bank of Scotland Prepare to Launch New Digital Banking Platforms to Meet Growing Demand from Clients

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

Financial Giant HSBC Is Planning to Relaunch First Direct to Attract Younger Customers and Compete With Digital Challengers

HSBC, one of the world’s largest banking and financial services organizations, is planning to embrace new technologies and relaunch its “First Direct” brand in order to attract younger clients while competing with digital challengers. According to the Financial Times, the London-headquartered financial institution is considering… Read More

London Stock Exchange Group-backed Fintech Nivaura Hires HSBC Executive Chris Jones

UK-headquartered Nivaura, a regulated Fintech firm supported by the London Stock Exchange Group, has hired HSBC executive Chris Jones, the company confirmed. Nivaura helps clients review and process capital market legal documents. Jones will be advising on product features and he will also be responsible… Read More

Slam the Brakes: HSBC to Cut 10,000 Jobs

HSBC is planning to cut a whopping 10,000 jobs. HSBC currently employs approximately 238,000 individuals. The new job reductions are in addition to a previously announced 4700 headcount cut. In a report by the FT from earlier today, it was claimed that interim CEO Noel… Read More

Blockchain Based Letter of Credit Processed by HSBC on Voltron Trade Finance Platform

HSBC has processed a Yuan-denominated letter of credit using the Voltron platform. According to a report in Reuters, this is the first transaction of its type to use Yuan and the first to utilize the Voltron platform. Voltron explains their application as follows: “[Voltron] will… Read More

HSBC Debuts Next Generation Virtual Accounts For Corporate & Institutional Clients

HSBC announced on Monday the launch of its new Next Generation Virtual Accounts to help wholesale clients increase their cash management efficiency by consolidating bank accounts and centralizing transactions. HSBC reported that through the accounts clients may consolidate hundreds of bank accounts into a handful… Read More

Hong Kong Fintech Update

Invest Hong Kong Appoints New Head of Fintech King Leung has been appointed Head of Fintech at InvestHK which took effect in early May. Leung will lead a specialist Fintech team with the objective of attracting top innovativeFfintech companies, entrepreneurs, investors, accelerators and R&D institutions… Read More

HSBC Announces Opening of Global Data & Innovation Lab in Toronto

HSBC announced on Wednesday it has opened its Global Data & Innovation Lab in Toronto, citing the city’s interest, investment and development of artificial intelligence (AI) and advanced machine learning. According to HSBC, the 3,376 square foot energy efficient lab will soon employ over 50… Read More

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