HSBC and B2B FinTech Tradeshift have formed a new joint venture focused on developing integrated financial solutions and financial services applications. As part of the deal, HSBC will invest $35 million in Tradeshift in two phases and join its board of directors. The deal is part of a funding round that is expected to raise
The collapse of the US bank Silicon Valley Bank (SVB) HSBC has bought its UK subsidiary, SVB UK, for £1. Customers and businesses who have deposited funds into SVB UK will have normal access. Taxes were irrelevant. “Continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety
HSBC UK has rolled out sweeping variable recurring payments (VRP) to all its personal and business customers who use open banking services. Businesses and customers can utilize VRP to make recurring payments of different quantities without having to re-authenticate for each one. The Competition and Markets Authority has instructed the top UK banks to implement VRP.
Finastra and HSBC announced that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure, regulated infrastructure. The first phase of the rollout will provide indicative and executable FX rates to regional
23rd-24th May 2022 | London, UK
23rd-24th May 2022 | London, UK Latest keynotes and panelists at the FinTech World Forum 2022 conference. The new lineup includes HSBC, Google, IBM, WU, Allicia Bank, Huawei, and many more! Read More
HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19 pandemic. Europe’s largest bank by assets, which makes most of its revenues in Asia, said its reported profit before tax for 2020 fell 34% from a year ago to $8.78 billion. That
