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HSBC thinks flexibility

HSBC chose Sibos as the place to announce the launch of the next generation of HSBC Connect to SAP, HSBC’s corporate-to-bank integration and treasury solution catering to corporate customers that use SAP Enterprise Resource Planning software.

 “We announced our collaboration with SAP and SWIFT in February this year, and are now unveiling our market-ready solution that addresses the increasing need for our corporate customers to connect seamlessly with multiple banking partners,” said Marcus Treacher, head of e-commerce, global transaction banking, HSBC.

“This is an important next step in an ongoing journey. Not only are we collaborating with SAP and SWIFT to provide a one-stop-shop for corporate connectivity, but we are also working with our corporate clients to ensure that the HSBC Connect to SAP solution continues to evolve to meet their connectivity needs.”

In response to the potentially high costs of managing multiple system interfaces for conducting electronic transactions, these three global industry leaders have partnered to provide a market-ready solution offering corporate customers a flexible multi-bank model.

“With this announcement, HSBC, SAP and SWIFT are delivering on the promise to bring innovation to banks and their corporate customers. Based on SAP software and the open SWIFT standards, this solution offers HSBC’s corporate customers a powerful platform to seamlessly manage their financial transactions with multiple banks much more simply, quickly, at lower cost and risk,” explained Don Trotta, senior vice president and global head of Financial Services, SAP AG.

“Our collaboration with HSBC and SAP reinforces SWIFT’s commitment to enabling customers to expand their use of SWIFT and thereby deliver innovative services to their end-customers by helping them to reduce their total cost of ownership,” commented Alain Raes, chief executive, Europe, Middle East and Africa, SWIFT.

The trio’s view is that “this enhanced offering will enable the next generation of multi-bank connectivity by providing payment and select treasury services, including payment monitoring functionality and reconciliation of batched payments”.

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