15 December 2017
Paul Penrose


Paul Penrose - Finextra

307Posts 1,346,473Views 246Comments

HSBC on the value of IT

07 November 2008  |  5771 views  |  0

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.

TagsRetail bankingWholesale banking

Comments: (0)

Comment on this story (membership required)

Latest posts from Paul

ANZ and Visa lose the plot

30 June 2011  |  6691 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineRetail banking

Don't give up the day job...ever

20 May 2010  |  5919 views  |  0 comments | recomends Recommends 0 TagsTrade executionWholesale bankingGroupWhatever...

Now we are ten

19 April 2010  |  6293 views  |  3 comments | recomends Recommends 0 TagsRetail bankingWholesale banking

Finextra's Best of the Web

05 March 2010  |  5811 views  |  1 comments | recomends Recommends 0 TagsRetail bankingWholesale banking

The ATM was the last great financial innovation

25 February 2010  |  9924 views  |  8 comments | recomends Recommends 0 TagsRetail bankingWholesale bankingGroupFinance 2.0

Paul's profile

job title Head of Research
location London
member since 2007
Summary profile See full profile »
I'm responsible for editorial content and quality control across the full range of Finextra media.

Paul's expertise

Member since 2006
307 posts246 comments

Who's commenting on Paul's posts