Tagged: hsbc

HSBC and Google Cloud to Expand Climate Tech Ecosystem

HSBC (NYSE: HSBC) announced a partnership with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the Google Cloud Ready – Sustainability (GCR-Sustainability) program. GCR-Sustainability is a validation program for companies with solutions available on Google Cloud that help… Read More

Fintech Analyst Explains Why Wise and Revolut Need to Take HSBC’s New Initiative Seriously

Dwayne Gefferie, a strategist helping payments companies with scaling operations, has commented on why he thinks UK Fintech Wise (LSE:WISE) and Revolut need to take HSBC‘s new initiative seriously. According to Gefferie, if HSBC‘s announcement of their new venture Zing teaches us anything, it is… Read More

UK’s Digital Identity Firm Yoti Receives £12.5M in Debt Funding from HSBC and £7.5M in Convertible Debt Funding

Digital identity company Yoti has received £12.5 million debt funding from HSBC, and a further £7.5 million convertible debt funding from existing shareholders. The £20 million funding will “support the continued growth of the company through to achieving profitability and beyond.” This funding round follows… Read More

Liberis, an Embedded Finance Solutions Provider, Secures $112M in Debt Financing to Enable Growth in North America and Europe

Liberis, an embedded business finance solutions provider, announced it has secured $112 million in debt financing in order “to support its further growth in North America and Europe and expansion into new markets, including Canada, Poland and Germany.” This collaboration is set “to inject a… Read More

HSBC Is Reportedly Planning to Offer Custody Service for Non-Crypto Digital Assets

HSBC (NYSE: HSBC)  intends to introduce in 2024 a custody service for storing blockchain-enabled assets, which excludes cryptocurrency, the banking institution revealed on Wednesday. The newly announced service, which is through a partnership with digital asset service provider Metaco, will enable financial institutions to store… Read More

Abu Dhabi Securities Exchange To Develop Digital Assets with HSBC

Abu Dhabi Securities Exchange (ADX) is working with HSBC Bank Middle East (HSBC) to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East. The partnership leverages the investment product knowledge of… Read More

HSBC UK, Nationwide Building Society, Others Launch Support Hub to Share Access Needs with Multiple Organizations

Founding members including HSBC UK, Nationwide Building Society, Tesco Bank, NewDay, Co-operative Bank and Ovo have come together to launch Support Hub, a free platform powered by Experian that “shares access needs with multiple organisations in one go.” Nearly three-quarters (73%) of disabled people “have… Read More

HSBC Pledges $1bn Financing for Global Climate Tech Start-ups

In a significant move towards bolstering the global fight against climate change, HSBC announced today its commitment to allocate $1bn in financing to early-stage climate tech startups worldwide. This ambitious initiative aims to accelerate the development of innovative solutions in various domains, including electric vehicle… Read More

Standards Association BIAN Develops “Coreless Banking” Concept Advancing Financial Tech Solutions

BIAN, the independent not-for-profit standards association, has announced the third iteration of its ‘Coreless Banking’ initiative, an API-based services architecture designed to resolve the challenges banks face with interoperability. Coreless Banking 3.0 builds “upon BIAN’s second iteration of its coreless banking model developed in 2021,… Read More

HSBC, Terra Quantum Explore Real-World Applications of Hybrid Quantum Tech in Financial Services

Terra Quantum, a quantum technology firm, and HSBC (NYSE: HSBC) are partnering to explore hybrid quantum technology applications, according to a company statement. As quantum technology evolves, early adopters like HSBC are poised “to explore the potential benefits of increased efficiency, cost reduction, and a… Read More

HSBC US Innovation Banking Expands Venture Debt Offering

HSBC (NYSE: HSBC) announced that HSBC Innovation Banking, a business division with services provided by HSBC Bank USA, N.A. and its affiliates, has “expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises.” While HSBC has been… Read More

Atome Financial, HSBC Singapore Expand $100M Debt Facility to Include Philippines Market

Atome Financial has announced that it has renewed and expanded its partnership with HSBC Singapore to include the Philippine market to its US$100m debt facility. At the moment, Atome has reportedly “disbursed more than US$4b in loans.” Atome Financial and HSBC Singapore had “entered into… Read More

HSBC, B2B Fintech Tradeshift to Support Embedded Finance Solutions, Financial Services Apps

HSBC (NYSE: HSBC) and B2B fintech Tradeshift have announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps. As part of this agreement, HSBC will reportedly “make a $35 million investment into Tradeshift in… Read More

Digital Payments: AsiaPay, PayMe by HSBC to Address Merchants’ Business Requirements

A provider of digital payment solutions in the Asia Pacific, AsiaPay has announced the partnership with PayMe by HSBC in Hong Kong “to help local merchants provide more flexible payment options in a single device and enhance the purchase experience for consumers.” The partnership will… Read More

Quantum Computers: HSBC, Quantinuum Explore Use-Cases of Quantum Computing in Financial Services

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

BNP Paribas Joins LendInvest’s £300M Mortgages Financing

LendInvest PLC (AIM: LINV) has revealed that BNP Paribas SA joined its £300 million financing syndicate with HSBC Holdings PLC and Barclays PLC in order to support the ongoing growth of its short-term mortgages. LendInvest is a London-headquartered  non-bank mortgage lender, and BNP Paribas is… Read More

Global Fintech iCapital, HSBC Asset Management to Widen Access to Climate Tech for Wholesale Clients

iCapital, a global fintech platform driving access to alternative investment products in the wealth management industry, announced a collaboration with HSBC Asset Management (HSBC AM) “to widen access to its climate technology venture capital strategy (climate tech VC) for wholesale clients.” Using its technology, iCapital… Read More

France: Authorities Search Five Big Banks Regarding Allegations of Fraud, Money Laundering

The French national financial prosecutor’s office (Parquet Financier National – PFN) announced today that it has engaged in multiple search operations at five banking and financial services firms located in Paris and La Defense (a suburb of Paris). According to the prosecutor, the actions are… Read More

HSBC Buys Silicon Valley Bank UK for £1

HSBC, working with the UK government, has announced the acquisition of Silicon Valley Bank UK (SVB UK). In a release, HSBC said it had purchased Silicon Valley Bank UK Limited for £1. The transaction completes immediately. HSBC said the transaction will improve its banking franchise… Read More

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

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