HSBC to roll out new e-commerce trade tools for businesses

HSBC has announced that it plans to improve digital purchasing experiences for businesses by offering flexible payment options and financing tools at the point of sale.

The bank is partnering with global B2B payments and invoicing network TreviPay to roll out the new e-commerce trade solutions.

HSBC said that the move will help corporate customers facilitate sales and engage with new business buyers through receivables finance, invoice processing, and management and risk mitigation.

The new tools enable companies to embed access to trade credit for their buyers in online sales portals which are backed by the business buyers accessing financing options.

The bank said that the collaboration will combine its expertise in facilitating trade with end-to-end order-to-cash technology.

According to HSBC, the new tools can support businesses to boost their cash flow by reducing days sales outstanding and optimising resource allocation.

“The way businesses are trading with other businesses is changing and they need innovative e-commerce solutions to stay competitive," said Vivek Ramachandran, head of global trade solutions at HSBC.

He went on to say that the rollout will give the bank's customers the tools to "offer more payment choices while managing risks and expanding their online reach.”

HSBC also recently announced that it was partnering with Delta Capital to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement.

The deal aims to help the bank standardise post-trade processes and reduce industry costs.

“The agreement we have established with Delta Capita opens up new opportunities for us to enhance our Derivative Post-Trade Services for our valued clients,” said Karen Everingham, head of markets and securities services operations at HSBC.

The move comes after Delta Capital secured an agreement with Citi to scale and commercialise its proprietary digital communications workflow management software capability, QMA.

In April 2024, the company bought LSEG's CLM technology, while the year before it developed capital markets blockchain software MACH.



Share Story:

Recent Stories


Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.

Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.

This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.