HSBC business customers can now take payments using just a mobile phone number, as the UK bank rolls out the Paym service for Business Internet Banking subscribers.
The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks' attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.
The International Swaps and Derivatives Association, Inc. (ISDA) today announced that 18 major global banks (G-18) have agreed to sign a new ISDA Resolution Stay Protocol, which has been developed in coordination with the Financial Stability Board to support cross-border resolution and reduce systemic risk.
A group of Wall Street banks, led by Goldman Sachs, are on the verge of buying a stake in instant messaging firm Perzo as they prepare to break free of their reliance on Bloomberg, according to Reuters.
Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.
Accenture has teamed up with some of the world's biggest banks to bring its Fintech Innovation Lab to Asia Pacific.
HSBC today launched a centralised foreign currency management solution for corporates in the China (Shanghai) Pilot Free Trade Zone ("Shanghai FTZ") by delivering the new service to a German multinational corporation via its subsidiary in the zone.
HSBC has installed free Wi-Fi in branches around the UK to help its customers get online while they bank.
Nearly one in six homeowners applied for their current mortgage online (16%) and this is set to double, with 33% saying they are likely to apply for their next mortgage online, according to latest research from HSBC.
Earthport plc (AIM: EPO), the cross-border payments service provider, is delighted to today announce a multi-year global contract with HSBC with a significant minimum revenue commitment.
© Finextra Research 2014