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CryptoCurrency
HSBC Australia Blocks Crypto Transactions amid $171M Loss
2024-07-25T10:34:38.364+02:00
The organization is blocking payments to cryptocurrency exchanges starting July 24.
Bendigo Bank has also decided to block payments to cryptocurrency exchanges.
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Retail FX
Interactive Brokers and HSBC Launch Global Trading Platform
2024-07-10T14:35:58.799+02:00
The investment platform allows HSBC's customers to access equities, ETFs, and bonds.
It is powered by Interactive Brokers and accessible via mobile app or online.
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Jared Kirui
FinTech
Visa and HSBC Partner for Multi-Currency Transaction Platform
2024-07-09T16:25:19.718+02:00
The new platform supports holding funds in over ten currencies, sending money in over 30 currencies, and transacting in more than 200 countries.
Launched in the UK this year, the Zing app plans to expand to additional markets.
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Payments
Payment System Outages Highlight Vulnerabilities in Banking Infrastructure
2024-06-28T18:09:16.510+02:00
Service disruptions at HSBC, Nationwide reveal digital banking weaknesses.
Ripple effects of technical failures.
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Retail FX
FCA Fines HSBC £6.28 Million over Customer Treatment Failures
2024-05-23T13:04:43.774+02:00
From June 2017 to October 2018, HSBC's actions resulted in insufficient consideration of customers' circumstances.
The company invested £94 million and disbursed £185 million in redress payments to address the identified issues.
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Tareq Sikder
Payments
Banks Prepare for a Quantum Cypherpunk Future
2024-05-02T18:00:00.000+02:00
Decoding the enigma.
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Pedro Ferreira
Executive Moves
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
2024-04-30T08:26:35.363+02:00
The CEO has agreed to remain in the post until his successor takes over.
Quinn has been working with HSBC for almost 40 years.
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Damian Chmiel
FinTech
HSBC's PayMe Teams Up with Adyen to Tap into Hong Kong's Payment Market
2024-04-02T20:11:24.013+02:00
The partnership aims to enable Adyen's merchants to increase revenue through access to a broader customer base.
Adyen's merchants can utilize various payment methods, including PayMe, AlipayHK, Apple Pay, and Google Pay.
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Jared Kirui
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Retail FX
Customer Deposit Fiasco Costs HSBC a $73 Million Fine
2024-01-30T12:20:18.714+02:00
The UK's PRA fines HSBC for failing to protect customer deposits adequately.
The fine could be higher but was reduced after the bank's active cooperation.
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Damian Chmiel
FinTech
HSBC Challenges Revolut with Zing, Eyes Forex Dominance
2024-01-02T19:12:07.452+02:00
The new app aims to dominate the cross-border payments market.
Its role is to take over customers from challenger banks.
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Damian Chmiel
Institutional FX
HSBC Advances FX Trading Protection with Quantum Keys
2023-12-06T11:53:58.836+02:00
HSBC wants to protect financial data from future quantum computer threats.
It used quantum technology to secure 30 million euro FX trade on AI platform
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FinTech
Broadridge Welcomes HSBC to Newly Launched Distributed Ledger Repo Platform
2023-11-15T18:28:19.673+02:00
This platform aims to reduce settlement costs and enhance scalability.
Broadridge is planning to support a wide range of transactions on the new platform.
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Retail FX
News Nuggets | 30 October: HSBC's $3B Share Buyback; Railsr $24M Funding Round
2023-10-30T12:37:15.539+02:00
Also, Laser Digital and Nomura debuted in The Sandbox metaverse; MAS partnered for digital assets innovation.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 1 August: Meta to Launch 'Personas' AI Bots; Conotoxia Shows New Feature
2023-08-01T11:27:03.716+02:00
Also, Paul Turner Joins Capex; HSBC doubles its net profit.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Op-ed
FinTech
Op-ed
Corporates Are Spoiled for Choice When It Comes to Cash Pooling
2023-07-17T14:54:16.508+02:00
Technology is vital to facilitating access to funds in remote locations.
Global banks are confident they will continue to dominate the market.
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Paul Golden
CryptoCurrency
HSBC Reportedly Becomes First Bank in Hong Kong to Permit Crypto ETFs
2023-06-26T15:54:03.010+02:00
There are currently three crypto ETFs listed on HKEX.
Hong Kong rolled out new crypto rules at the beginning of this month.
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Solomon Oladipupo
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CryptoCurrency
Hong Kong Reportedly Pushing Top Banks to Support Crypto Firms
2023-06-15T14:42:03.886+02:00
The targeted banks are HSBC, Standard Chartered, and the Bank of China.
Hong Kong recently legalized crypto for retail investors.
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Jared Kirui
Institutional FX
HSBC Shutters New Zealand Wealth and Personal Banking Operations
2023-06-13T19:46:25.252+02:00
The lender cited changing operating requirements and business scalability for the move.
HSBC is also shifting its focus in the global business to Asia.
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Institutional FX
From the Ashes of SVB UK, HSBC Gives Birth to New Innovation Banking Unit
2023-06-12T12:08:23.980+02:00
HSBC UK bought former SVB UK, establishing specialized innovation teams in the US, HK, and Israel.
HSBC Innovation Banking is aimed at expanding the reach of its global innovation economy.
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Damian Chmiel
Institutional FX
CFTC Slaps HSBC with $45M Fine for ‘Manipulative and Deceptive Trading’
2023-05-12T22:38:39.207+02:00
The alleged violation occurred between March 2012 and 2015.
CFTC fights use of personal messaging channels for business deals.
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Institutional FX
UK's Silicon Valley Bank Sold for Just One Pound to HSBC
2023-03-13T10:54:53.994+02:00
After SVB collapsed in the US, HSBC acquired the British part of the business.
SVB UK remains authorized by the PRA and the FCA.
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FinTech
Regtech Firm TAINA Gets New Fund from HSBC, Deutsche Bank and SIX
2022-12-14T19:03:04.478+02:00
HSBC and Deutsche Bank participated in the firm's funding round last year.
The regtech industry has witnessed a number of deals this year.
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Institutional FX
RBC Buys HSBC Business in Canada for $10.1b
2022-11-29T15:25:15.310+02:00
HSBC agrees to sell its Canadian branches to the Royal Bank of Canada.
The value of HSBC Canada's assets stood at $94.6 billion.
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Institutional FX
HSBC and Wells Fargo Expand DLT Solution for FX Transactions
2022-11-17T16:24:29.955+02:00
The bilateral service started in December 2021.
Companies are broadening their reach by adding a new currency, CNH.
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Damian Chmiel
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Institutional FX
HSBC’s Revenue Declines 4% in Q1 2022
2022-04-26T14:06:47.990+02:00
The reported revenue came in at $12.5 billion.
Reported profit after tax dipped by $1.1 billion to $3.4 billion.
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Bilal Jafar
See more
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