Privitar receives $7m investment from HSBC
HSBC is expanding its strategic relationship with Privitar.
HSBC
Singapore develops “fairness metrics” for AI adoption in finance
The metrics will inform credit risk scoring and customer marketing.
Major banks assess COVID-19 working from home policies
A list of how some major banks are responding to COVID-19 remote working policies.
Banks investigate sales push linked to corporate loans
Barclays, Deutsche, HSBC and Santander among lenders conducting internal reviews.
Singapore fintech Spark Systems lands $10.5m from Citi and HSBC
These heavy weight investors join existing backer Goldman Sachs.
HSBC launches e-wallet PayMe for teens in Hong Kong
The adult version already has 1.9 million customers across Hong Kong.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
HSBC reports money laundering breaches in Australia subsidiary
The breaches involved small amounts of cross-border foreign currency transactions.
HSBC launches mobile onboarding in mainland China
UK-headquartered bank is the first foreign lender to launch mobile onboarding in China.
Banks waive overdraft interest on temporary basis
Banks & building societies have previously been shaking up their overdraft charging structures.
HSBC delays ‘vast majority’ of redundancies amid COVID-19
“Because of the extraordinary impact of the COVID-19 pandemic,” says Noel Quinn.
HSBC joins Alibaba to offer Hong Kong’s online merchants quick loans
This is the first time HSBC will use third-party data to approve trade finance loans.
HSBC’s $6bn structural overhaul under threat from COVID-19
The global bank may have to delay its plans if the contagion becomes a long-term issue.
HSBC confirms Noel Quinn as permanent CEO
He has held the job on an interim basis for seven months.
HSBC posts 47.8% overall pay gap, nearly double industry average
HSBC’s female employees are earning nearly half of what their male counterparts are.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
HSBC to cut 35,000 jobs in a major restructure to boost returns
Job loss figure more than triple the number expected to be cut by the bank.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
HSBC to shut down Hong Kong ATMs after protest vandalism
Protestors also attempted to damage the bank’s famous lion statues.
HSBC plans new restructure with France and USA in firing line
The global bank is aiming to cut costs and weed out loss-making divisions.
Open banking start-up Bud signs three-year deal with HSBC
The deal follows Bud’s huge staffing restructure and market change.
HSBC and Santander to refund customers after breaking CMA rules
The banks failed to message users going into their overdrafts.
HSBC turns to blockchain to digitise private placement records
The bank has launched its new Digital Vault platform.
HSBC set to replace investment banking chief
Samir Assaf, head of global banking & markets, expected to move to a non-exec role.
HSBC’s US businesses can send real-time payments, bank launches global CX programme
The payments leverage the RTP network developed by The Clearing House (TCH).
CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
Tandem appoints former HSBC exec as chief growth officer
Malani will spearhead Tandem’s international expansion into Hong Kong.
CSConnect UK 2019: HSBC head stresses importance of tackling gender diversity
HSBC exec: “how do we get people not like us in?”
Open Banking Expo 2019: Innovation by regulation is a “flawed idea”
Panel believes that banks and partners can be trusted to innovate without deadlines.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
Fintech Talents 2019: Banks must grab digital opportunity
Industry panel argues that change is coming for all lenders.
HSBC-backed fintech Bud looks beyond financial sector in re-focused product model
The fintech has axed 20% of its staff and undergone a business restructure.
HSBC takes on digital challengers with First Direct overhaul
The telephone-based brand is looking at AI and in-app technology.
Swift and HSBC team up for common API standard in Hong Kong
Partnership aims to prevent fragmentation and enhance API uptake
HSBC plans 10,000 job cuts in fresh cost-saving exercise
Global bank plans to cull high-paid roles.
HSBC deploys industry first automated AML system
New software developed by AI firm Quantexa.
HSBC launches trade finance API for bank guarantees
Launch is first of a series focused in the trade finance sphere
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
