Tagged: hsbc

Regtech is Hot and IBM’s Watson is On It

IBM’s Watson, an artificial intelligence initiative (AI), is moving into Regtech. This should really come as no surprise to anyone as Regtech and AI are a perfect match. All of financial services will be digitized and fueled by the internet. Fintech is the future. But… Read More

Finastra Teams Up With R3 & Seven Banks to Create Distribute Ledger Technology Platform

UK-based fintech firm Finastra announced on Thursday it has teamed up with R3 and seven banks to create an online marketplace to drive transparency and efficiency in the syndicated loan market. Finastra reported that R3’s distributed ledger technology (DLT) based platform, Fusion LenderComm exposes real-time credit agreement, accrual… Read More

First Proof of Concept: KYC Blockchain Created by ASEAN Banks

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), along with Infocomm Media Development Authority (IMDA), have successfully completed a proof-of-concept for a Know Your Customer (KYC) blockchain. OCBC Bank is the longest established bank in Singapore formed in 1932 from the merger of three… Read More

Twitter Brawl: R3 Takes Some Heat on Whether it is Blockchain. Or Not.

This is kind of interesting. R3, the big bank funded distributed ledger technology initiative, has been in a bit of a dust up as it “repositions” its services. The controversy is not anything new but things continue to simmer a bit as there is an… Read More

FinTech Association of Hong Kong Launches to Advocate & Promote Innovations in Finance

Yesterday there was a well attended event in Hong Kong to announce the launch of the FinTech Association of Hong Kong (FTAHK). The FTAHK is an independent, not-for-profit, member-driven organisation that is now the voice of the Fintech community in Hong Kong. Members range from Fintech… Read More

The Inescapable Fintech Revolution

Big consultancies, such as PwC, Cap Gemini, KPMG, Deloitte and Accenture, research and analyze fintech developments to support the digital transformation of their banking customers. They promote this work through well-crafted free reports and white papers. The latest of such reports was published by Julian… Read More

Indian AltFin Startup OpenTap Aims to Create Greater Access to Short-Term Loans

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

Brief: HSBC & ASTRI Launch RDI Laboratory in Hong Kong

  Hong Kong and Shanghai Banking Corporation (HSBC) and Hong Kong Applied Science and Technology Research Institute Company (ASTRI) have jointly launched the HSBC-ASTRI Research and Development Innovation Laboratory (RDI Lab). The Lab seeks to boost research and technology implementation within the financial industry as… Read More

“We Must Adapt”. HSBC Commits £10 Billion in Lending to SMEs

According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More

Former HSBC Executives Join RateSetter Team

On the eve of the launch of the IF ISA, RateSetter has announced the appointment of two senior executives; Jim Gunner has joined the RateSetter board ad Non-Executive Director and Chair of the Risk Committee and Nigel Wilkinson is now Head of Commercial Credit. Both… Read More

London’s Growing Underground Seeks to Raise £200,000 on Crowdcube For Subterranean Farm

Growing Underground, a London-based food company that is backed by celebrity chef Michel Roux Jr., Neil Sanderson the MD of Florette, Glen Fernandes a Director of HSBC and Ed Gillespie the sustainability pioneer, has launched an equity crowdfunding campaign on Crowdcube to secure  £200,000 for its brand new Subterranean Farm concept…. Read More

HSBC Tackles Retirement Planning & Finds it Lacking. Again.

Global banking firm HSBC has published its 10th version of the Future of Retirement report. Started in 2005, the annual revisiting of why everyone needs to save more “or else” has become a predictable tome of financial nagging.  The fact that across the globe too… Read More