HSBC has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong.
The new platform allows clients to originate and manage all their trade finance products online. HTS leverages an API-native, modular design and flexible tech-stack that will form the backbone of HSBC’s market-leading trade offering – supporting USD800bn of global trade per year.
HTS has redefined client experience through intuitive, self-service digital interfaces developed using ethnography. Clients will also benefit through higher degree of automation and straight through processing. Using the new platform also strengthens risk management and monitoring through fully integrated Anti-Money Laundering (AML), sanctions, fraud, and credit risk controls.
The converged data architecture of HTS will power quicker digital decisioning and deeper customer insights. The platform’s automated distribution engine will help scale distribution as trade finance assets increasingly become an investable asset class.
With the core platform built and deployed in UK and Hong Kong, HTS is now being introduced to additional markets across the HSBC network.
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa.
CGI is among the largest independent IT and business consulting services firms in the world. With 88,500 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.