HSBC Commercial Banking’s Post

Ping An Bank Co., Ltd.’s Pocket Manager received the award for Best Business Ecosystem for linking financial and non-financial needs and data for clients, and for bridging different corporates onto a one-stop platform.   The bank launched an upgrade of its corporate client ecosystem that adapted the original set of treasury and business management tools to meet the different demands of three different segments of small and medium-sized businesses, large corporates and human resource agencies.   In 2023, the bank incorporated various industries and scenarios into this ecosystem, serving over 160,000 corporate clients and further strengthening its corporate banking service capabilities.   The Transaction Finance Awards 2024 recognises achievements in key business and operational areas of the financial services industry. They programme highlights the winning banks’ annual achievements, competition for market share, and product and operational excellence. The awards were presented on 23 May at the Conrad in Hong Kong in conjunction with The Asian Banker Summit, now in its 25th year.   See all the winners here: https://bit.ly/3QZ66AU   Foo Boon Ping 胡文彬, Chris Kapfer, TAB Global    #TransactionFinanceAwards2024 #BankingAwards #TransactionBanking #CashManagement #TradeFinance #Payments #FinancialServices #BankingExcellence #Tokenization #SustainableBanking #GlobalBankingAwards #Banking #BankingIndustry #Excellence #CorporateBanking #TheAsianBanker #TABGlobal

Mizuho Bank was named Best Asian International Transaction Bank for its One APAC Region strategy that drove greater synergies on the back of new opportunities, better network strength, collaboration and integrated solutions.     The bank merged its Transaction Banking Asia Oceania and East Asia Regions to create one Asia Pacific Region to drive transaction banking synergies across its 14 markets.      In one of its key markets, Mizuho collaborated with a fintech to launch an API-enabled virtual account solution to assist customers with real-time notifications, and paired the solution with a payment gateway to drive seamless receipt of reconciled funds. It went live with digitalised issuance of banker’s guarantees. Given these initiatives, the bank’s transaction banking revenue increased by more than 40%.      The Transaction Finance Awards 2024 recognises achievements in key business and operational areas of the financial services industry. They programme highlights the winning banks’ annual achievements, competition for market share, and product and operational excellence. The awards were presented on 23 May at the Conrad in Hong Kong in conjunction with The Asian Banker Summit, now in its 25th year.     See all the winners here: https://bit.ly/3QZ66AU     Foo Boon Ping 胡文彬, Chris Kapfer, TAB Global     #TransactionFinanceAwards2024 #BankingAwards #TransactionBanking #CashManagement #TradeFinance #Payments #FinancialServices #BankingExcellence #Tokenization #SustainableBanking #GlobalBankingAwards #Banking #BankingIndustry #Excellence #CorporateBanking #TheAsianBanker #TABGlobal

Small and Medium Enterprises (SMEs) form the backbone of Hong Kong’s economy. Supporting SMEs not only secures their prosperity but also contributes to the broader goal of building a resilient and dynamic economy. As one of the leading banks in Hong Kong, HSBC is rooting for our customers and will provide support along their growth journey in a timely manner. In recognition of our ongoing efforts to support businesses in Hong Kong to navigate challenges and seize growth opportunities, we’re honoured to be awarded with Award of Excellence - Digital Business Banking at the Hong Kong Economic Journal (HKEJ) Financial Services Awards of Excellence for the third consecutive year. We will remain committed to enhancing our offerings and leading the way in providing our customers with best-in-class digital banking experience. Christina Ong, Managing Director, Head of Business Banking, Commercial Banking spoke with HKEJ earlier to introduce our support for SMEs in Hong Kong, and our dedication to fostering growth within the community by providing financial solutions and resources, including a new streamlined credit application process for SMEs under interbank account data sharing pilot programme. She also covered the suite of comprehensive products and services that we designed to meet the unique operational needs of SMEs so as to enable them to manage their daily finance and operation more efficiently. Please click https://grp.hsbc/6045Uaexl to read the interview of Christina for more information on how HSBC supports SMEs in Hong Kong. (Only available in Chinese) #HSBC #SMEs #BusinessBanking #SMEBanking #DigitalBusinessBanking #HKEJ #FinancialServicesAwards #Awards

Deven Somaya it was really a wonderful interaction about cross boarder payment, financial inclusion and people can be benefited through the seamless payment network. For full interview please click on the link and you won’t regret listening to him for 25 minutes . Deven Somaya ‘s professional expertise and experience in digital pyment in Citi Singapore give us broader view and importance of the cross boarder digitial payments. It was one of my best interviews at Global Fintech Fest #GFF2024 #fintech #digital #payment #leadership

PwC Hong Kong recently hosted a Private Banking Industry Roundtable for chief executives and business heads to discuss the latest regulatory updates and market insights. During the event, we conducted a survey to identify the key challenges faced by private banks in 2024. Regulatory concerns emerged as the top challenge anticipated by the business heads. In addition, the survey revealed that digital assets are expected to be the primary asset class to experience significant #growth in the coming 12-18 months.   In line with the survey findings, our Partner Peter Brewin shared his views on Hong Kong’s progress in digital assets #regulation. He emphasised the importance for private banks to enhance their capabilities, particularly in the area of digital asset custody. Furthermore, our Partner Hokee Fu and Senior Advisor Henry Cheng offered key updates from regulators, including the revisions of the Code of Banking Practice and the introduction of a streamlined approach for compliance with suitability obligations under Sophisticated Professional Investor regime. These developments underscore the importance for #banks to take appropriate measures to meet these updated and new requirements.   Learn more about our private banking insights: https://lnkd.in/gSj9rt87   Antoinette Hoon Michael Footman Hilda Tang #PwC #PwCHK #Digitalassets #Privatebanking 

Mark your calendars for the The Hong Kong Institute of Bankers Annual Banking Conference on 27th September at the HKCEC. This year’s conference theme, “The Next Wave: Unlocking Potential, Fostering Success”, focuses on navigating transformations and emerging challenges in the banking sector. We look forward to gaining valuable insights. As a Diamond Sponsor for the 5th consecutive year of this signature banking event, FORMS HK are honored to contribute to the important conversations that will be held. With over 800 attendees including senior bankers, fintech professionals and regulators, this conference provides a premier platform to explore trending topics and unlock new opportunities. As a trusted fintech partner enabling innovation for Hong Kong’s financial industry, we are committed to fostering the next wave of sustainable success. We look forward to engaging with industry experts on shaping the future of banking through trends like green initiatives, digital technologies and regulatory developments. Join us on this valuable networking and learning occasion on 27th September. Register now at https://lnkd.in/gJQzR8g5 to gain fresh insights from all the experts and professionals and help unlock the potential to transform Hong Kong’s banking sector together. #HKIB #Banking #HKIBankingConference #technology #customerengagement #Greenbanking #digital #Regtech #sustainablebanking #bankingconferencehk #regulatorycompliance #digitalbanking #ESG #compliance #formshk #fintech #fintechconsulting #web3 #FINNOSpace

Seminar on Banking Sector's Support Measures for Small and Medium-sized Enterprises The Hong Kong Monetary Authority (HKMA), the Hong Kong Association of Banks and the Chinese Banking Association of Hong Kong co-organised a seminar on the banking sector's support measures for small and medium-sized enterprises (SMEs) today (24 June), which was successfully concluded.  Today's seminar enabled the banking sector to further understand the needs of SMEs, while at the same time strengthened customers' awareness of the support measures. The three panel discussions covered topics including how banks leverage financial technology, including the HKMA's Interbank Account Data Sharing (IADS) initiative, to help SMEs obtain bank financing in an easier and faster manner, and how banks support the business transformation of SMEs. Several SME operators shared experiences and success stories of how they have benefitted from the banks’ support in branching out into other markets and expanding their business to different regions. #banking #SMEs #HongKong #HKMA https://lnkd.in/eH5eakTE

Hello LinkedIn network! I will be in HK the week of Sept 23th meeting clients, prospects, and partners. Give me a shout if you are around. I will also be attending the The Hong Kong Institute of Bankers Annual Conference on Sept 27th. Always great to connect in person and particularly looking forward to the afternoon stream on Banking Compliance and RegTech Solutions. #HKIB #annualbankingconference #CUBE #banking #RegTech #FinTech #Compliance #RegulatoryCompliance #AutomatedRegulatoryIntelligence #RegulatoryChangeManagement  

HKMA Taskforce Targets SME Lending Hurdles The newly formed taskforce on SME lending, co-chaired by Arthur Yuen and Luanne Lim, met today to discuss challenges faced by SMEs in accessing bank financing. The taskforce, comprising representatives from HKMA, HKAB, and 14 banks, committed to maintaining the current risk appetite for SME financing and ensuring fair customer treatment. While upholding risk management, banks will support customers facing difficulties and take necessary actions in a supportive manner. The taskforce will continue collaborating with the commercial sector to help SMEs leverage data and technology. Read our new article here to find out more on this topic: https://lnkd.in/eFMiZFF7 International Fintech Business (IFB) can help you enter the fintech industry. Our expertise in financial licensing makes us your ideal partner for you. Whether you're looking to establish a company with a financial license in a specific region like Hong Kong or buy a ready-made one, our team is ready to provide tailored solutions. Contact IFB today and let us help you navigate the complexities of the fintech world. For details: office@ifbusiness.uk More info: ifbusiness.uk #IFB #Fintech #HongKong #HKMA #HongKongAssociationofBanks

Looking forward to meeting and exchanging latest ideas on innovations in banking. Give me a shout if you are also in Hong Kong for the week of 22 Sep and keen on a coffee / beer chat. #fintech #regtech #compliance #HKIB #banking #digitalbanking #ESG #CUBE