Tagged: hsbc

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

HSBC Paris France

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

data code

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 UK bank

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

HSBC Paris France

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

Expired Penalty Fine Times Up

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

HSBC and Temasek to Support Sustainable Infrastructure Initiatives in Asia

HSBC Bank

HSBC and Temasek revealed that they’ve formed a partnership in order to launch a $150 million debt financing platform that’s aimed at supporting sustainable infrastructure initiatives with a special focus on Southeast Asia. This project is reportedly a part of efforts to address climate change… Read More

Digital Transformation: HSBC Qatar Introduces Mobile Payments and Seamless Collections Services

Doha Qatar mike swigunski unsplash

HSBC Qatar has introduced mobile payments and collections services for its personal and corporate clients, as part of its ongoing investment into digitizing banking services. These recent updates will aim to enable greater financial inclusion for the unbanked sector and  visitors in Qatar, which is… Read More

HSBC Malaysia Introduces DuitNow Request Feature for Corporates so They Can Easily Collect Recurring Payments

HSBC Bank

HSBC Malaysia reveals that it has introduced the DuitNow Request feature for corporates so they can improve the collection of recurring payments from their clients. This secure, real-time payment solution will aim to do away with the requirement for companies to constantly follow up with… Read More

UK’s Property Finance Platform LendInvest Enters £150M Partnership with Barclays, HSBC

Barclays Cambridge UK

LendInvest (LON: LINV) has reportedly entered a £150 million partnership with Barclays (LON: BARC) and HSBC (NYSE: HSBC). UK-based LendInvest, an asset management platform that’s focused on property finance, has reportedly committed to £150 million partnership with Barclays and HSBC in order to get funding… Read More

HSBC to Acquire 100% of AXA Insurance Issued Share Capital in Singapore for $575M, Subject to Regulatory Approval

Marina Bay Sands Singapore

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, reveals that it has committed to an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for $575 million. The goal or aim of this transaction is… Read More

Fraud Awareness App Introduced by HSBC UK, Allows Businesses to Track Suspicious Activities, Potential Scams

HSBC Paris France

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, recently revealed that its UK division had introduced a fraud awareness app to offer businesses or companies up-to-the-minute or the latest updates on potential scams. HSBC, which is the second… Read More

UK-Based Buy Now Pay Later Platform Divido Secures $30 Million Through Series B Led By HSBC & ING

Divido Christer Holloman

  Divido, a UK-based buy now pay later platform, announced on Wednesday it secured $30 million through its Series B funding round, which was led by HSBC and ING with participation from Sony Innovation Fund by IGV, SBI Investment, OCS, Global Brand, DG Daiwa Ventures,… Read More

No-Coiners Might have Taken Opportunity to Buy Bitcoin Dip, as Goldman Sachs Says BTC Is Investable Asset: Report

Bitcoin 2

Bitcoin (BTC), the flagship cryptocurrency, is up nearly 13% in the past 24 hours. It’s trading at around $37,800 at the time of writing. Meanwhile, Ethereum (ETH), the second-largest crypto by market cap, is up around 30% in the last 24 hours and is trading… Read More

HSBC UK Reports that Biometric Verification with its Caller ID Program, Voice ID, Reduced Bank Fraud by 50%

Digital ID Identity Identification iPhone

HSBC‘s caller ID program Voice ID has reportedly managed to reduce telephone banking fraud by more than 50% during the past 12 months, indicating that biometric verification can be quite effective in fighting against bad actors. HSBC says that its voice biometrics system has helped… Read More

Barclays, Lloyds, NatWest, Santander, and HSBC to Share Single Bank Branch Location in Small UK Towns

Lloyds Bank London England UK Law Courts Branch

The COVID-19 outbreak has led to nationwide lockdowns and other measures being taken to limit in-person contact in order to prevent the further spread of the virus. Many more individual consumers and businesses are conducting transactions online and are trying to avoid visiting physical locations…. Read More

HSBC Is Preventing Clients from Purchasing Shares in MicroStrategy, a Company Aggressively Adding Bitcoin to its Balance Sheet: Report

US Blockade Block Halt Barrier

HSBC (NYSE: HSBC) is reportedly preventing its clients from purchasing shares of MicroStrategy (NASD:MSTR), a company that has been actively acquiring Bitcoin (BTC) as part of its efforts to increase the value of its corporate treasury. HSBC stated that it would not be facilitating the… Read More

Chinese Regulators have Instructed Banking Institutions to Trim Loan Books to Guard Against Capital Market Bubbles

Bubble

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

Regtech Firm Silent Eight to Work with HSBC to Enhance Bank’s Compliance and Related AML / CFT Processes

Global Regtech Fintech

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

HSBC and Biz2Credit Partner on SME Loan Service

HSBC Bank

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

Singapore Exchange Completes First Pilot Digital Asset Issuance for Bond Offering

Digital Asset Issuance Platform SGX Singapore

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

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