HSBC

655 results about this entity

Period: 17 May 2007 - 19 Apr 2024

/payments

Mastercard launches virtual card app to simplify travel and business expenses

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

/retail

Fintech leads the way for UK technology investment

Fintech is back on top as the UK’s most-funded startup sector according to new analysis from HSBC Innovation Banking and Dealroom.

/payments

Chips migrates to ISO 20022 message format

The Clearing House's Chips private-sector high-value clearing and settlement system has migrated to the ISO 20022 messaging format.

/retail

M&S inks deal with HSBC

M&S and HSBC UK have signed a new agreement that is focused on M&S’ credit offering, payment solutions and bringing together digital payments and loyalty for M&S customers.

/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

/wholesale

HSBC Australia implements Proxymity Vote Connect

Proxymity, a leading digital investor communication platform, has today announced a significant milestone in its collaboration with HSBC, with the global bank now live with the Proxymity Vote Connect Total product in Australia.

/crime

Silent Eight extends relationship with HSBC

Silent Eight, a leading Regtech firm specializing in partnering with major financial institutions to drive efficiency, increased accuracy and adaptability within their financial crime programs, today announced the expansion of its relationship with HSBC to implement Automated Alert Closure for Transactions automates investigation and resolution of alerts in real time.

/sustainable

HSBC partners Google Cloud to back climate tech firms

HSBC has joined forces with Google Cloud to offer venture debt financing options to climate technology companies.

/payments

HSBC installs first of ten 'Cash Pods' in town with no bank branches

HSBC UK has introduced its first standalone ‘Cash Pod’, which will provide improved access to cash in the Crown Glass Shopping Centre in Nailsea, North Somerset, in advance of the closure of the last bank in town.

/payments

Top 5 payment stories you missed in January 2024

Fintech is a busy world and sometimes we miss out on the biggest stories. Here are some of the top stories we saw in January 2024.

/regulation

HSBC fined £57.4 million for "serious failings" in depositor protection

HSBC has been hit with a £57.4 million fine by the Prudential Regulatory Authority for failing to accurately log accounts eligible for compensation under the Financial Services Compensation Scheme.

/predictions

Humans will not be replaced by robots in the near future - HSBC

The power of human interaction will continue to play a critical role in business over the coming decade, even as technology such as AI, robotics and quantum computing dramatically reshapes entire sectors and business models, according to a new HSBC report – Digital Horizons: How emerging tech will shape tomorrow’s business.

/retail

Wise accuses high street banks of hidden exchange rate fees

For GBP to EUR, Wise reports that HSBC has the highest fee for exchange rates (3.7%), followed by Lloyds at 3.6%, Barclays at 2.75%, and NatWest, TSB and Santander all at 2.5%.

/startups

UK innovation sector on upwards trajectory as venture capital investment turns a corner

2024 could be the year of recovery after UK venture capital turned a corner in H2 2023 according to new analysis from HSBC Innovation Banking and Dealroom.

/payments

HSBC AM leads €12 million investment in Unbox

Value exchange network Unbox has closed a €12 million Series A round with support from HSBC Asset Management and Belgian sovereign wealth fund subsidiary SFPIM.

/payments

HSBC to take on Wise with launch of money transfer app

HSBC is looking to take on money transfer behemoth Wise with the launch of a global currency conversion app.

/identity

Digital ID firm Yoti scores £12.5m debt funding from HSBC

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.

/startups

HSBC expands technology scale-up lending by £100 million

HSBC UK has announced the expansion of its ‘Growth Lending’ fund from £250 million to £350 million in response to growing demand from high-growth tech scale-ups.

/wholesale

HSBC pioneers new ‘fast-track’ digital trade finance demand guarantee

HSBC has launched a pioneering new ‘fast-track’ digital trade finance demand guarantee to help customers trade internationally in a more seamless, secure and efficient way.

/security

HSBC trials quantum protection for AI-powered FX trading

HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.