Tag: hsbc

The collapse of Silicon Valley Bank was a shock to the global start-up community, but the takeover of the bank's UK arm by HSBC may prove to be a positive development for UK scale-ups.

The future of banking is undoubtedly digital, and traditional banks will need to adapt if they want to remain relevant in this rapidly changing landscape.

As fintech continues to break boundaries and introduce more innovations to the marketplace, women are playing an increasingly central role in disruptive fintech companies.

According to security researchers commissioned by "Which?" the Starling Bank’s recently-launched online banking service is the most secure among the UK’s 13 leading banks.

HSBC is taking on the digital Fintech giants like TransferWise and Revolut with the launch of Global Money Account.

Financial Times reported on Wednesday, that HSBC Holdings PLC's restructuring could be delayed due to the Covid-19 outbreak.

HSBC is to shut 27 branches this year putting almost 50 jobs at risk. The bank, which announced last week it would cut 35,000 jobs around the world, including “meaningful” reductions in the UK, said it would invest almost £34m in its remaining network of 594 branches, 49 of which are to be refurbished this year.

Possibly biggest European banking and money transfer app, Revolut, claims approx. 10 million customers. Now Revolut partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.