Tagged: hsbc

European Investment Bank (EIB) Issues Digital Bond in Pound Sterling

The European Investment Bank (EIB) priced its first ever £50 million digital bond using a combination of private and public blockchains operated and accessed via HSBC Orion – the bank’s tokenization platform. It follows the recently adopted Luxembourg legal framework tailored “to allow for the… Read More

HSBC Is Looking for Digital Asset, Tokenization Professionals

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

LendInvest, British Business Bank Partner on Building More Homes, Financed by HSBC

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

HSBC, Extend to Accelerate Availability of Expense Management Solutions

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

Wells Fargo, HSBC Expand DLT Solution to Include Offshore Yuan

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

HSBC, Marketnode, UOB to Work on Digital Issuance of Wealth Products

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

HSBC UK Struggles to Keep its Online Banking Service Working

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

Citi, Accel Invest in Digital Asset Manager xalts

Wall Street and Silicon Valley are coming together “to build digital asset management solutions focused on connecting institutional investors to the crypto ecosystem.” Earlier this year, former HSBC trader Ashutosh Goel and former Meta Asia executive Supreet Kaur paired up to build xalts, an investment… Read More

HSBC Introduces Digital Platform that Enhances Trade Finance

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

HSBC, Nova Credit to Offer Borderless International Credit Checking

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

Funding Societies Gains USD $50 Million Credit Line from HSBC

Funding Societies, a Southeast Asian SME finance provider, has gained a USD $50 million credit facility from HSBC Singapore. The additional capital will be utilized to provide financing to underserved SMEs in the region. Funding Societies reports that commercial lending in Asia Pacific is expected… Read More

Atome Financial Acquires $100M Debt Facility from HSBC Singapore

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

Finastra, HSBC to Bring Banking as a Service FX Capability to Mid-Tier Banks

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

Trade Fintech Serai, Backed by HSBC, Closes its Doors

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

HSBC Is Offering Oxford Fintech Program to Staff

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

HSBC Appoints Vivek Ramachandran as Head of Global Trade and Receivables Finance

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

Data Enablement Startup WCKD RZR Receives $1.2M Pre-Seed Investment

WCKD RZR’s Data Watchdog software claims to be “true data enablement.” It enables multi-national organizations that have disparate and messy data estates “to unlock the potential of their data immediately.” WCKD RZR, the startup whose software eradicates a “myriad of international data privacy,” management and… Read More

Digital Transformation: HSBC to Close Down 69 Physical Bank Branch Locations

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

Business Spend Management Fintech Coupa to Provide HSBC Virtual Cards to European Firms

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

UK’s FCA Fines HSBC Bank plc £63.9M for “Deficient” Transaction Monitoring Controls

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

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