OakNorth, the digital bank for entrepreneurs, has partnered with HSBC and Santander on a club lending facility to Star Capital to support its buy-out of Subsea Technology & Rentals (STR). The capital will reportedly enable STR to evolve its equipment and service offering via “organic… Read More
Funding Societies | Modalku, theunified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia today announced signing the third credit facility* with HSBC under its ASEAN Growth Fund. The transaction, an accumulative commitment of over $100 million, includes the annual credit… Read More
HSBC UK announced it is making its UK mortgages accessible for international homebuyers by introducing tech that makes it easier for customers to leverage their credit history for their UK mortgage application. With newcomers to the UK and global customers facing various challenges and delays… Read More
Apple (NASDAQ:AAPL) has issued a statement in recognition of ten years of Apple Pay. In many respects Apple is one of the largest Fintechs in the world due to its global reach and ubiquitous nature of its products – most importantly the iPhone. Apple reported… Read More
HSBC Holdings plc has unveiled SemFi by HSBC, a new joint venture with Tradeshift, a global B2B trade network, aimed at delivering seamless embedded finance solutions to business clients. SemFi will integrate HSBC’s payment, trade, and financing services across various e-commerce and marketplace platforms, including… Read More
BNP Paribas (EPA: BNP) announces that it has signed an agreement with HSBC (NYSE: HSBC) for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1… Read More
HSBC has successfully tested the use of quantum-secure technology for the buying and selling of tokenised physical gold, marking a significant advancement in protecting critical financial applications from potential future quantum computing threats. This milestone is part of HSBC’s ongoing efforts to safeguard digital assets… Read More
iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, will provide its technology to HSBC Global Private Banking. The solution will be fully integrated into HSBC’s platform “to digitalize the private market investment experience for its relationship managers,… Read More
Validus is reporting new capital from HSBC in the amount of USD $50 million. The funds will be utilized to provide online lending for micro, small, and medium enterprises (MSMEs) in Indonesia. Validus, based in Singapore, will release the funds via its subsidiary Batumbu, which… Read More
The UK Financial Conduct Authority (FCA) has fined HSBC £6,280,100 for the poor treatment of its customers. According to the FCA, HSBC failed to properly consider people’s circumstances when they had missed payments. This transgression took place between June 2017 and October 2018. The FCA… Read More
Silent Eight, a Regtech firm specialising in partnering with major financial institutions to drive efficiency, increased accuracy and adaptability within their financial crime programs, announced the expansion of its relationship with HSBC to “implement Automated Alert Closure for Transactions automates investigation and resolution of alerts… Read More
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
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
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 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 (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 (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
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
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
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
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