The quest for a paper-free trade finance world has moved a step closer with the completion by BNP Paribas and HSBC of a fully digitised end-to-end letter of credit transaction between two different companies.
A collective of top UK banks and and financial technology firms have helped to craft a set of guidelines designed to improve engagement between fintech startups and financial institutions.
HSBC has locked some customers out their online accounts in response to a data breach that saw unauthorised users gain access to a host of financial and personal information.
HSBC India and ING Bank Brussels have successfully executed a blockchain enabled, live trade finance transaction jointly with Reliance Industries and Tricon Energy.
HSBC, Santander Consumer Finance and RBS have joined a £10 million funding round in Vizolution, a UK-based software-as-a-service company that helps institutions replace face-to-face interactions with remote channels.
HSBC's US arm is rolling out technology from Avant for a move into the online personal lending market.
HSBC is equipping staff members at a Manhattan branch with Samsung Gear S3 smartwatches for a pilot designed to see how mobile technology can improve employee communications and customer experiences.
Voltron, a coalition of banks building a blockchain-based network for automating Letters of Credit and trade finance documentation, has thrown open its doors to other banks and corporates ahead of a planned roll out in 2019.
Seven top-tier banks have joined forces to create a single platform for trade and supply chain finance, helping corporates to communicate seamlessly across multiple banking partners.
HSBC US Commercial Banking announced that it will launch a Digital Partner Platform to improve client experience for corporate customers of all sizes through digital enhancements and partnerships.
© Finextra Research 2018