HSBC has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. Whilst making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will power commerce that is rapidly evolving across different platforms and ecosystems.

Developed in partnership with CGI, the new platform allows customers to create and manage all of their trade finance products online. HTS is built on an API-native modular design and flexible technology platform that will form the backbone of HSBC’s market-leading commerce offering – supporting $800 billion in global trade each year. five.

In the context of continuous transformation through new technologies, enhanced supply chain resiliency and ESG requirements, HTS will enable the bank to embrace future changes quickly and more effectively.

“HSBC Trade Solutions has been co-created working closely with our clients and delivers a major step forward in terms of client experience”

“Its flexibility will power solutions to fit into our clients’ rapidly evolving ecosystems. Using such digital solutions, 88% of our trade transactions are now initiated digitally across a range of channels.”

    Vinay Mendonca, Global Head of Trade Finance Products and Propositions at HSBC.

HTS has redefined the customer experience with intuitive, self-service digital interfaces developed with ethnography. Customers will also benefit from a higher degree of automation and direct processing. The use of the new platform also enhances risk management and monitoring with full integration of anti-money laundering (AML) measures, sanctions, fraud and credit risk controls.

“This important solution launch is an exciting time for the marketplace and continues the strong working relationship between CGI and HSBC,”

“We look forward to working closely to drive positive change across a number of hugely important areas.”

          David York, Vice President for Banking and Financial Markets for CGI in the UK.

HTS’s integrated data architecture will enable more thorough customer insights and quicker digital decisions. In order to increase distribution as trade finance assets increasingly become a class of investable assets, the platform’s automated distribution engine will be used.

HTS is now being implemented in more markets around the HSBC network after the core platform was developed and put into use in the UK and Hong Kong.