According to Financial Times, this marks the first commercially viable trade finance deal using the blockchain; the trade was completed...
LendIt Fintech has teamed up with Oracle Financial Services to bring together a discussion amongst leading banks focused on small...
HSBC is planning to hire 1,000 new Asian wealth management operations employees; the announcement is part of a cost cutting initiative which has closed 60 branches in the UK and moved 200 IT-related jobs to Asia; the newly added employees will primarily be focused on Chinese retail banking and wealth management, adding to a team of 2,400 employees. Source
The $20 million round was co-led by HSBC and Goldman Sachs; Bud is a financial network, capitalizing on open banking...
Neptune Financial is a San Francisco online commercial lender that focuses on businesses with $10 – $100 million in assets;...
HSBC Bank USA has partnered with Roostify in order to offer a digital mortgage experience; the result is a more...
Prime Minister Theresa May announced the start of the R5-SHCH Connect Partnership between London and China; the partnership will allow banks in China to have access to London’s foreign exchange market; the partnership is between London's R5 and the Shanghai Clearing House; companies involved include HSBC, LSE, BP, Standard Chartered and Standard Life Aberdeen; Jon Vollemaere, CEO of R5 commented to Finextra, “The new service offers benefits for all institutions trading FX. It provides Chinese banks with increased access to the global FX market, it enhances liquidity in major currencies, and it advances the internationalisation of the RMB.” Source.
JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is...
HSBC UK has agreed to a partnership with consents.online, an Account Information Service Provider or AISP; the partnership is the...
HSBC looks to become the first major UK based bank to comply with open banking; the bank plans to launch a new app that centralizes information about customers’ accounts; the current plan is set for release in the first week of May and the app will be named Connected Money; HSBC’s UK head of retail banking and wealth management Stuart Haire said the new challenger banks have been have been making progress on customer insight; there is still healthy skepticism about how fast open banking will catch on as incumbents have been slow to comply. Source.