HSBC has launched HSBC Commerce Options (HTS) to prospects in its two largest markets – the UK and Hong Kong. Whereas making commerce less complicated, quicker, and safer for patrons by means of built-in digital journeys, HTS will energy commerce that’s quickly evolving throughout completely different platforms and ecosystems.
Developed in partnership with CGI, the brand new platform permits shoppers to originate and handle all their commerce finance merchandise on-line. HTS leverages an API-native, modular design and versatile tech-stack that may type the spine of HSBC’s market-leading commerce providing – supporting USD800bn of world commerce per 12 months.
In opposition to a panorama of ongoing transformation by means of new applied sciences, bettering provide chain resiliency and ESG imperatives, HTS will allow the financial institution to embrace future change quicker and extra effectively.
HTS has redefined consumer expertise by means of intuitive, self-service digital interfaces developed utilizing ethnography. Purchasers can even profit by means of increased diploma of automation and straight by means of processing. Utilizing the brand new platform additionally strengthens threat administration and monitoring by means of totally built-in Anti-Cash Laundering (AML), sanctions, fraud, and credit score threat controls.
“HSBC Commerce Options has been co-created working intently with our shoppers and delivers a significant step ahead when it comes to consumer expertise”, stated Vinay Mendonca, International Head of Commerce Finance Merchandise and Propositions at HSBC. “Its flexibility will energy options to suit into our shoppers’ quickly evolving ecosystems. Utilizing such digital options, 88% of our commerce transactions at the moment are initiated digitally throughout a spread of channels.”
“This essential resolution launch is an thrilling time for {the marketplace} and continues the sturdy working relationship between CGI and HSBC,” stated David York, Vice President for Banking and Monetary Markets for CGI within the UK. “We stay up for working intently to drive optimistic change throughout quite a lot of vastly essential areas.”
The converged information structure of HTS will energy faster digital decisioning and deeper buyer insights. The platform’s automated distribution engine will assist scale distribution as commerce finance property more and more change into an investable asset class.
With the core platform constructed and deployed in UK and Hong Kong, HTS is now being launched to further markets throughout the HSBC community.