SINGAPORE, 18 SEPTEMBER 2008 - One of the world’s biggest banks – The Hong Kong and Shanghai Banking Corporation - has announced a new bank-client integration solution to streamline and automate the bank’s communications for the delivery of banking services to its corporate banking clients.
The HSBC Group (HSBC) said it will create a leading edge bank-client integration solution using the SAP NetWeaver technology platform.
With SAP, HSBC says it will standardize corporate-to-bank integrations to greatly reduce the complexity and time needed to associate workflows between its clients. It says “the complexity of bulk payments creates security and operational risk issues for both banks and corporations”.
Single entry point
HSBC says the solution will enable corporate clients to link into their worldwide banking network via a single entry point, simplifying communications for the bank’s corporate services such as account payables, account receivables and reconciliations.
“By combining HSBC’s banking services with enterprise resource planning automation in new, highly integrated ways, customers can look forward to a faster, richer and seamless banking experience with us, worldwide,” said Marcus Treacher, head of Electronic Banking and E-Commerce, Global Transaction Banking, HSBC Bank plc.
HSBC’s customers will gain easier access to their banking information. Additionally, the solution will provide better support for compliance initiatives, creates seamless integration of financial supply chains and drive efficient working capital management.
“This marks the start of a relationship with HSBC that will build quickly on the success of the project,” says Murray Sargant, senior vice president, Banking, SAP Asia Pacific Japan. “We are proud to work with HSBC to lead an innovative program that we can take globally through the HSBC network.”
