HSBC unveils new digital solution to simplify transaction banking
What's happening
HSBC has rolled out multiple tech moves to simplify transaction banking and clearing. The bank adopted Nasdaq Calypso to run its exchange-traded derivatives (ETD) clearing operations, bringing ETD clearing onto the same platform HSBC already uses for other clearing activities and supporting an always-on clearing infrastructure. Separately, HSBC launched a new digital transaction banking platform called HSBCnio, described as a solution to simplify the banking experience for corporate and institutional clients and to reduce complexity for corporate clients.
Why it's trending
Banks and corporates are pushing consolidation and digital platforms now to handle always-on markets and simplify complex cash and clearing workflows.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If the answer to complexity is another platform, are banks just swapping IT headaches for vendor dependence with Nasdaq Calypso and HSBCnio?
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Original sources5
- HSBC rolls out new digital transaction banking platform
HSBC has vowed to reduce complexity for corporate clients with the roll out of a new digital transaction banking platform.
FinextraSep 29 - Nasdaq Calypso Drives HSBC Always-On Clearing InfrastructureFinTech MagazineSep 29
- HSBC unveils new digital solution to simplify transaction banking
HSBCnio is a digital solution that simplifies the banking experience for the bank's corporate and institutional clients. Source
Open Banking ExpoSep 29
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