Hsbc Australia news and trends

HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
Bank Regulation // December 16, 2024

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments. ...

Mastercard Brings Commercial Cards to Digital Wallets
Mastercard // April 18, 2024

Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the form of a mobile virtual card app engineered to provide financial institutions with options...

Interviews & Exclusives
Mastercard Brings Commercial Cards to Digital Wallets

April 18, 2024
Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the form of a mobile virtual card app engineered to provide financial institutions with options for delivering secure, contactless payment services—a demand increasingly voiced by […]

Quick Reads
HSBC Reportedly Weighing Sale of Australian Retail Banking Unit

January 20, 2025
HSBC is reportedly considering a sale of its Australian consumer banking operation. That’s one of the options before the British banking giant as it tries to pare down its business, Bloomberg News reported Monday (Jan. 20), citing sources with knowledge of the matter. One of those sources said HSBC is likely to hold onto its […]

HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings

December 16, 2024
Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia,...