HSBC brings in fintechs to strengthen its FX muscle
Bank quietly enlists fintechs to work within its fold, both to expand its capabilities and to let it focus on “superstar” technology in-house
HSBC is quietly building up a portfolio of financial technology firms to work within its operations, which the bank believes will help strengthen its foreign exchange capabilities and products.
It is collaborating with a variety of companies focused on areas such as settlement, balance sheet optimisation, credit, risk analytics and even robotics, in order to improve its services.
“There are many of these specialist companies out there. If we can assemble them into HSBC as an ecosystem and a
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