HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns interest on every dollar deposited into the account, the bank said in a Thursday (May 16) press release. “Every organization has...
Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. With this facility, the Danish FinTech will expand its credit offering, Pleo Overdraft, which helps European companies navigate gaps in cash flow and keep their businesses moving without missing crucial payments or...
HSBC is reportedly expanding its U.S. commercial banking operations to bolster its startup lending. Wyatt Crowell, head of U.S. commercial banking at HSBC, said in an interview with Reuters Monday (March 11) that the lender plans to recruit around 50 more bankers for his department, aimed at lending...
Hawk AI appointed HSBC veteran Michael Shearer as chief solution officer. Shearer spent much of his career at HSBC, including serving as the bank’s group head of compliance product management, Hawk AI said in a Tuesday (Jan. 16) press release. In that role, he helped...
August 01, 2023
To eliminate paper checks and manual payment processes, you need to look for them first. But once you see them, you’ll find them everywhere. That’s why observers believe the B2B and trade finance sectors are especially ripe for digitization, because they are collectively knee deep (and sinking) within the confines of the paper check and […]
March 14, 2023
The world woke up on Monday (March 13) to news that British multinational banking giant HSBC is purchasing Silicon Valley Bank (SVB) UK, the U.K. arm of the failed U.S.-based...
October 26, 2021
Hindsight, as they say, is 20/20. And hindsight about 2020 — well, that’s something else entirely. After the initial mad dash of the great digital pivot, the compressed timeframe where...
September 30, 2021
Payments are now more digitized than ever before, with experts projecting that $6.6 trillion with be exchanged through digital channels by the end of the year, a 40% increase over...
May 30, 2024
Mastercard and HSBC Middle East have joined forces to introduce the Mastercard Wholesale Program (MWP) in the Middle East, with a specific focus on the travel industry. The aim of this partnership is to digitize and automate buyer and supplier payments for HSBC’s travel merchant customers, thereby enhancing liquidity and security within the travel value […]
May 17, 2024
HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns interest on every dollar deposited...
May 02, 2024
Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. With this facility, the Danish FinTech will expand its credit offering, Pleo Overdraft, which helps European companies...
March 11, 2024
HSBC is reportedly expanding its U.S. commercial banking operations to bolster its startup lending. Wyatt Crowell, head of U.S. commercial banking at HSBC, said in an interview with Reuters Monday (March...
