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HSBC on the value of IT

One HSBC is a scheme that aims to move 55 core banking systems, 24 credit card systems, 41 internet banking systems, 40 desktop standards and five unique trading rooms on to one global platform by 2011.

Three years in and the $1 billion project is already paying for itself.

Finextra issued a progress report back in August.

In an interview with Computing on Thursday, Ken Harvey, HSBC chief technology officer gives an update on the roll out, and explains why the bank prefers to develop its own software from scratch rather than work with third party vendors.

More details on the project can be found in a Webcast and PDF presentation made to analysts on 28 October, and now available for download from the bank Website.


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