HSBC

HSBC, Securities Lending, withholding tax

HSBC announced a new custody and fund administration technology and operating model for tax transparent funds (TTFs), where ‘look-through’ is applied at the share class level for securities lending, making…

HSBC facilitates market-first securities lending transactions by an offshore investor in China

November 2, 2020

Josh Galper

China, HSBC, Securities Lending

HSBC has successfully facilitated market-first securities lending transactions conducted by China Asset Management (Hong Kong) Limited (China AMC) in mainland China today. The two transactions completed on the Shanghai Stock…

SGX lists world’s largest Chinese pure government bond ETF, HSBC takes custody

September 17, 2020

China, CSOP Asset Management, HSBC, ICBC, SGX

ICBC CSOP FTSE Chinese Government Bond Index ETF will start trading on 21 September CSOP Asset Management’s inaugural ETF on SGX will kick off with US$676 million (RMB 4.6 billion)…

SGX, HSBC, Temasek complete first digital bond issuance

September 1, 2020

Bonds, Digital Asset, DLT, HSBC, SGX, Singapore, Temasek

SGX’s digital asset issuance, depository and servicing platform was used to launch and settle in parallel, the first digital bond issuance for Olam International This marks the first step towards…

BNY Mellon, J.P. Morgan, State Street among investors for Citi-developed proxy voting platform raising $20.5mn

May 5, 2020

BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, fundraising, HSBC, J.P. Morgan, proxymity, State Street

Highlight: Proxymity launches consortium of financial industry heavyweights and raises $20.5 million in strategic round to become its own entity. BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan,…

HSBC facilitates first T+3 trade in China Interbank Bond Market

August 29, 2019

Josh Galper

China, HSBC

HSBC announces that it has successfully facilitated the first T+3 trade in the China Interbank Bond Market (CIBM), right after the official announcement to extend bond settlement cycle for overseas…

Fintech weekly deals and partnerships roundup

HSBC partners with Canada’s Element AI in GBM division HSBC has signed a collaboration agreement with artificial intelligence (AI) software company Element AI to help the bank develop the capability…

Conference notes: tech advances in data privacy for financial services (Premium)

April 16, 2019

Big Data, Technology

cloud technology, data regulation, GDPR, Google Cloud, HSBC, Open Banking, Privitar, PSD2

The technology of privacy is breaking ground at a steady pace as industries seek to navigate the brave new world of data. We highlight some of the key developments in…

Fintech weekly deals and partnerships roundup

Medici Ventures takes minority stake in blockchain banking platform Overstock announced its wholly-owned blockchain subsidiary, Medici Ventures, has purchased a 5.1% stake in Bankorus, a blockchain banking platform focused on…

HSBC financial crime exec says prototype regtech has human capacity

February 27, 2019

economic crime, fraud, HSBC, regtech

Jennifer Calvery, global head of Financial Crime Threat Mitigation, writes about early results from a technology system being developed to fight financial crime at the bank. Before working for HSBC, I…

Goldman Sachs, ANZ, HSBC among investors in fintech Bud for $20mn

February 4, 2019

Bud, fundraising, Goldman Sachs, HSBC, Venture capital

Payments fintech Bud announced it’s raised $20 million in Series A funding from HSBC, Goldman Sachs, Banco Sabadell, ANZ and Investec, as well as VC partners 9Yards Capital and Lord…

HSBC to outsource blockchain tech used to settle $250bn FX transactions

January 15, 2019

distributed ledger technology, FX, HSBC, settlement

HSBC has settled more than 3 million FX transactions and made more than 150,000 payments worth $250 billion using distributed ledger technology (DLT). This solution, called HSBC FX Everywhere, has…

HSBC invests in enterprise blockchain fintech Axoni

November 14, 2018

Axoni, blockchain, fundraising, HSBC

Axoni announced that HSBC has joined its Series B financing round, bringing the total amount raised in this round to $36 million and total funding to date to $59 million.…

Data crunchers waiting on cloud to be “ready for primetime”

August 7, 2018

Big Data, Technology

AWS, cloud, GCP, HSBC

The promised revolution of the cloud is still getting over a major hitch: it’s unclear who’s allowed to get inside it. That’s hardly surprising considering the cloud holds vast quantities…

IBM Watson upgrades AI regtech portfolio

June 21, 2018

HSBC, IBM Watson, regtech

IBM’s Watson Financial Services has announced advances in its RegTech portfolio, which brings together AI, the expertise of Promontory Financial Group, and IBM’s technology solutions to transform how clients manage risk…

Commerzbank and HSBC to set up JV for securities settlement

December 13, 2017

Commerzbank, HSBC, settlement

Commerzbank AG and HSBC Transaction Services are entering into a strategic partnership for securities settlement. Under this partnership, Commerzbank’s securities settlement business processes will be transferred. For this purpose, a joint…

Major global banks look to digital currency to speed cross-currency settlement

September 13, 2017

Richard Stinchfield

Blockchain, ECB, Federal Reserve, Fintech, Market infrastructure, Operations, Settlements, Technology

Barclays, blockchain, CIBC, Credit Suisse, FX, HSBC, MUFG, State Street, UBS, utility settlement coin

Late in 2015, UBS announced it was working on a blockchain-based digital currency for capital markets, called the utility settlement coin (USC). The USC would be used to facilitate settlement…

UBS and HSBC repo trade shows importance of collateral optimization

December 6, 2012

Josh Galper

Collateral Management, Repo, Tri-Party Repo

collateral, Euroclear, HKMA, HSBC, Repo, RMB, tri-party repo, UBS