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HSBC - Digital Transformation Strategies

Publisher GlobalData
Published Jul 20, 2023
Length 39 Pages
SKU # GBDT18106968

Description

HSBC - Digital Transformation Strategies


Summary

This report provides insight into HSBC's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

HSBC Holdings (HSBC) is a provider of banking and financial solutions. It offers retail, business, and commercial banking; private banking; and wealth management services through its subsidiaries. The group’s offerings include personal and commercial loans, deposit services, mortgages, card products, insurance solutions, asset and investment management, transaction banking, capital markets, and trusts and estate planning. It has a presence in Europe, Asia, the Middle East, North Africa, North America, and Latin America.

Scope
  • HSBC collaborated with Oracle to upgrade and migrate its database systems to Oracle Exadata Cloud@Customer. The partnership aims to support and scale up HSBC's critical systems and services, enabling the bank to leverage cloud automation, manage legacy applications, and meet customer demands in local markets.
  • HSBC introduced HSBC Trade Solutions (HTS) in the UK and Hong Kong, offering customers an enhanced trade finance experience through integrated digital processes.
  • HSBC offers Embedded Banking services that allow companies to integrate banking functions directly into their platforms, providing their customers with a seamless banking experience. 
  • HSBC's AI Capabilities team is leveraging reinforcement learning, natural language processing, time series forecasting, and anomaly detection to address different business needs. The company launched AI Markets, a digital services offering that uses natural language processing (NLP) to enhance the way institutional investors interact with global markets.
Reasons to Buy
  • Gain insights into HSBC’s fintech operations.
  • Gain insights into its fintech strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various product launches, partnerships, and investment strategies.

Table of Contents

39 Pages
Overview
Digital Transformation Strategy
Accelerators, Incubators, and Other Innovation Programs
Technology Focus
Technology Initiatives
Venture Arm: Ventures, Innovation, and Partnerships
Investment
Partnership and Investment Network Map
ICT Budget and Contracts
Key Executives
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