Germany-based LBBW on SVB
LONDON – Startup founders at FinovateEurope were initially worried about the deposits they had with tech bank Silicon Valley Bank, ...
Tag: HSBC
HSBC ups tech spend 19% since 2019
HSBC’s cost-reduction efforts have allowed the bank to up tech spend to improve workflow efficiency and customer experience. THE BIG ...
Tiger Global looks to raise $6B in next funding round
Tiger Global is looking to raise $6 billion for its next venture capital fund. The New York-based hedge fund recently ...
HSBC, Oracle NetSuite partner for automated payments
HSBC and Oracle NetSuite are partnering to provide automated, B2B payment services to help businesses address time-consuming accounts payable (AP) ...
Fintech Funding: Capital on Tap secures a $237M credit line
Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 trillion JPMorgan and investment ...
Transactions: Discover, HSBC select IBM for cloud and quantum computing
Discover announced today that IT consultancy IBM will shift the card provider’s core processes onto a hybrid cloud. IBM will ...
HSBC tech spend climbs to $6B in 2021
HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased ...
Santander rushes to recoup £130 million mistakenly paid out to U.K. accounts
Banco Santander SA is racing to retrieve 130 million pounds ($175 million) paid out to thousands of British customers in ...
Listen: Weekly Wrap examines wholesale CBDC foreign exchange
In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News editors discuss HSBC and IBM’s use of ...
HSBC, Wells Fargo use distributed ledger technology in FX payment trade
HSBC and Wells Fargo are performing Payment vs Payment (PvP) foreign exchange trade settlements using distributed ledger technology. The system ...
