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Publication Date
04-Feb-2018
Headline MIL-OSI: HSBC picks up prizes at TMI Awards 2017
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Foreign Affairs.co.nz
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Source: HSBC
Headline: HSBC picks up prizes at TMI Awards 2017 HSBC is helping business customers
manage money and conduct trade internationally HSBC has been named Global Bank of
the Year for Cash and Liquidity Management in the Treasury Management International
2017 Awards for Innovation and Excellence.
The annual awards recognise banks for the quality of their service and their efforts to find
new and better ways of meeting corporate clients’ needs. HSBC was also named: Best
Bank for Cash and Liquidity Management for Asia Pacific Best Bank for Financial Supply
Chain Management in Europe Best Bank for Financial Supply Chain Management in Asia
Pacific Best Bank for Financial Supply Chain Management in North America Two further
awards reflect the bank’s ongoing investment in digital technology, which is helping
business customers trade across borders, manage money and accept payments quickly and
efficiently (see box). These are: Best Bank for a Mobile Treasury Solution (for our mobile
payments service for corporate clients in India) Best Bank for a Trade Finance Solution (for
the Tradeshift online platform) Diane S Reyes, Head of Global Liquidity and Cash
Management (GLCM), HSBC, said: “GLCM has been an engine for growth and strategic
investment in digital transformation. We were named Best Global Cash Manager in the
recent Euromoney Cash Manager Survey and these latest awards cement our position as
the number one provider of liquidity and cash management solutions globally. Over the past
year alone HSBCnet Mobile has grown 55 per cent by volume and more than 60 per cent in
value. It’s proof our digital strategy is working and I’m very pleased to see our efforts are
being recognised globally.”
Investing in digital
HSBC is investing to expand and improve the digital services it offers, including by
supporting the Unified Payments Interface (UPI) in India. This online payment system was
launched by the non-profit National Payments Corporation of India to help the country move
towards becoming a cashless society. HSBC’s UPI app allows business customers to
receive payments using mobiles as a quick, convenient and secure alternative to cash.
Business customers in India and in many other markets can also use the HSBCnet Mobile
app to access accounts and make payments using a smartphone. The app has grown
rapidly in popularity, with customers using it to make more than USD200 billion of payments
globally since its launch in 2011. The bank continues to invest in and make improvements to
the app. For example, in more than 30 markets worldwide customers can now log on using
their thumbprint, a form of verification that is convenient as well as secure.
The bank’s strategic partnership with Tradeshift is a further example of its focus on digital
services. An online platform lets business customers see all their transactions with buyers
and sellers in one place, giving them a clear picture of their incomings and outgoings.
Where the buyer and seller in a specific transaction both use the platform, they can settle
bills automatically online, saving time and reducing paperwork. Related content MIL OSI
Economics –