UK Current Account Switches Hit Record Lows
Only 98,192 account switches took place in Q2 2020, down 65 percent from Q1 when more than 280,000 switches took place; banks increased their ...
Financial Crime Fintech Quantexa Raises $64.7mn Series C
Financial crime fintech Quantexa raised a $64.7mn series C round from HSBC, ABN Amro Ventures, Evolution Equity Partners, Dawn Capital, AlbionVC and Accenture; the ...
Chinese Fintech Company Lufax Considering a US IPO This Year
On the heels of the Ant Financial IPO news earlier this week leading Chinese online wealth management platform Lufax is seeking a US IPO as ...
AWS and HSBC Reach Global Cloud Banking Partnership
As part of a multi-year, global agreement, HSBC will make AWS technology available across the bank’s lines of business, starting with customer-facing applications and ...
Forbes 2020 List of the World’s Best Banks
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more than 40,000 customers; the financial ...
HSBC Allows Customers to use iMessage
HSBC announced Apple Business Chat was added to their suite of customer service channels; companies and their customers can use iMessage to interact ...
Big Banks Invest in Online Shareholder Voting Platform
JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is being spun out ...
HSBC Cutting 35,000 Jobs, Focusing on More Profitable Markets
HSBC is looking to scale back their operations in the US, mainland Europe and in their investment bank; at the same time they ...
Investors Seek Yield in Trade Finance
For a long time the big players in trade finance have been HSBC, BNP Paribas and Citigroup; in recent years some of the ...
Bud Signs New Deal with HSBC
HSBC will have access to Bud’s open banking, API and data through a new three year deal with Bud; Bud co-founder George Dunning ...