Having racked up billions of dollars in fines for money laundering and sanctions busting, HSBC is cleaning up its act with the global roll out of an AI tool capable of analysing data logs and tracking transactions within a customer's wider network.
Spanish police have arrested a former HSBC IT worker who prompted a tax evasion scandal when he leaked the details of thousands of the bank's Swiss private banking unit's customers.
PayPal's strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers.
Asset management tech startup Finbourne is collaborating with five financial institutions to help build a shared cloud-based investment management platform that can replace existing in-house software and hardware.
Visible Alpha, an investment research technology firm founded by some of the world’s leading investment banks, today announced HSBC (LON: HSBA; NYSE: HSBC; HK:0005) is investing in the firm, following a new investment round announced in early 2018.
As the third largest ecommerce market in the world – and a leading voice at G20, the World Trade Organization and the United Nations – the United Kingdom needs to lead the way on digital trade innovation, worth US$25 trillion to the global economy.
Credit Suisse and ING have executed a live collateral swap with full legal exchange of contracts and settlement taking place over R3's Corda blockchain platform.
UK digital bank first direct has begun trialling an app that lets people see account information from all of their providers, as well as get money management tips and product suggestions - including from third parties.
nCino, the worldwide leader in cloud banking, today announced that is has appointed Spencer Lake to its Board of Directors.
United Kingdom-based global financial services company HSBC Holdings plc (HSBC) entered into a deferred prosecution agreement (DPA) and agreed to pay a $63.1 million criminal penalty and $38.4 million in disgorgement and restitution to resolve charges that it engaged in a scheme to defraud two bank clients through a multi-million dollar scheme commonly referred to as “front-running.”
© Finextra Research 2018