20 October 2017
Find out more

HSBC collaborates with Xero, Sage and Intuit for customer data exchange

26 September 2017  |  3464 views  |  0 Source: HSBC

HSBC is expanding its existing bank feed services with the launch of a new online tool that enables small and medium sized companies to establish a data feed from their bank account to their accounting software.

This collaboration will enable business customers to connect their bank accounts to their choice of accounting package using a digital solution and establish a secure, reliable transaction data feed.

Nadya Hijazi, Global Head of Business Banking Digital at HSBC said: “Enabling small and medium sized business customers to establish and manage their transaction data flow will save them time and effort. The solution eliminates the need to manually import or enter transaction data instead it automatically synchronises every 24 hours.”

Customers will be able to manage their finances more efficiently and access up-to-date, user-friendly, customised data on their financial position with a few clicks, which will help them to make better informed decisions about their business.

“This digital solution provides customers with the financial information they want, when they want, and where they need it - rather than having to visit their online banking site to retrieve the information,” continued Nadya.

“This service is one of the first of a series of innovative digital solutions we are developing for SME customers and we’re excited to be addressing some of the challenges these customers face on a day-to-day basis.”

For UK based business and corporate customers, the online solution will be available on Xero and Sage in the next few weeks and will soon be available on Intuit’s QuickBooks. For Hong Kong based customers the tool will similarly be available on Xero in the coming weeks. The digital solution will be rolled-out to HSBC customers in additional countries and territories in 2018.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.capgemini.comvisit www.fivedegrees.nl

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15919 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9018 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8158 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7193 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6337 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job