British banking group HSBC is implementing technology from German ERP vendor SAP which it will use to automate and streamline delivery of banking services to corporate clients.
SAP says HSBC will use its NetWeaver platform to power a new 'bank to client' integration system which will enable corporate customers to connect to the bank's global network via a single entry point and will streamline corporate services such as account payables, account receivables and reconciliation.
The vendor says NetWeaver will simplify delivery of bank services by communicating transactions using the ISO 20022 XML format. The system enables corporate connectivity by providing a standard interface between the corporate client's enterprise resource planning system and the bank's back office.
Commenting on the implementation, Marcus Treacher, head of electronic banking and e-commerce, global transaction banking, HSBC Bank, says: "By combining HSBC's banking services with enterprise resource planning automation in new, highly integrated ways, customers can look forward to a faster, richer and seamless banking experience with us."