Latest HSBC News: Finextra Research

EBAday 2024: Growing use cases for AI in banking and payments

During the last panel of EBAday 2024, Patricia Hines, head of banking and payments at Celent talked all things AI with Sara Amara, head of currency and clearing Europe at HSBC; Gurumurthy Palani, head of transaction banking at Gulf International Bank; Christian Sarafidis, chief executive EMEA financial services at Microsoft; and Andy Schmidt, vice president, global industry lead – banking at CGI.

20 June 2024

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HSBC adds savings tool to mobile app

HSBC has added a feature to its mobile app in the UK to help customers identify, plan and manage their saving goals.

14 May 2024

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HSBC and PayPal tackle quantum-safe cryptography in payments

HSBC and PayPal are among the founding member of a new working group investigating the adoption of quantum-safe cryptography in the payments industry.

29 April 2024

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Mastercard launches virtual card app to simplify travel and business expenses

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

19 April 2024

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Fintech leads the way for UK technology investment

Fintech is back on top as the UK’s most-funded startup sector according to new analysis from HSBC Innovation Banking and Dealroom.

17 April 2024

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Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

03 April 2024

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HSBC partners Google Cloud to back climate tech firms

HSBC has joined forces with Google Cloud to offer venture debt financing options to climate technology companies.

09 February 2024

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HSBC installs first of ten 'Cash Pods' in town with no bank branches

HSBC UK has introduced its first standalone ‘Cash Pod’, which will provide improved access to cash in the Crown Glass Shopping Centre in Nailsea, North Somerset, in advance of the closure of the last bank in town.

05 February 2024

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HSBC fined £57.4 million for "serious failings" in depositor protection

HSBC has been hit with a £57.4 million fine by the Prudential Regulatory Authority for failing to accurately log accounts eligible for compensation under the Financial Services Compensation Scheme.

30 January 2024

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Wise accuses high street banks of hidden exchange rate fees

For GBP to EUR, Wise reports that HSBC has the highest fee for exchange rates (3.7%), followed by Lloyds at 3.6%, Barclays at 2.75%, and NatWest, TSB and Santander all at 2.5%.

19 January 2024

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HSBC AM leads €12 million investment in Unbox

Value exchange network Unbox has closed a €12 million Series A round with support from HSBC Asset Management and Belgian sovereign wealth fund subsidiary SFPIM.

09 January 2024

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HSBC to take on Wise with launch of money transfer app

HSBC is looking to take on money transfer behemoth Wise with the launch of a global currency conversion app.

02 January 2024

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