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HSBC CEO Noel Quinn says Bitcoin not for us

HSBC CEO Noel Quinn says Bitcoin not for us
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Last Updated: May 24, 2021, 07:37 PM IST
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Synopsis
Europe s largest bank s stance on cryptocurrencies comes as the world s biggest and best-known, Bitcoin, has tumbled nearly 50% from the year s high, after China cracked down on mining the currency and prominent advocate Elon Musk tempered his support.
Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of course they are, but we are not promoting it as an asset class within our wealth management business, Quinn said.
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LONDON: HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters. ....

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HSBC CEO says Bitcoin not for us - Times of India

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HSBC India's digital banking for corporate customers - The Hindu BusinessLine

HSBC India’s digital banking for corporate customers
May 19, 2021
HSBC India has launched digital banking solutions for its corporate customers.
“HSBC SmartServe and HSBC IntelliSign are first-of-its-kind digital solutions aimed at ensuring a quick, secure and seamless on-boarding process for corporate clients,” it said in a statement on Wednesday.
The API-enabled solutions provide an accelerated on-boarding experience, replacing the documentation process with a digital platform, including the use of electronic signatures, as well as leveraging existing data assets to complete account opening requirements, it further said.
“HSBC SmartServe is a newly digitised account on-boarding and life cycle management solution,” the statement said, adding that a single interface of the platform provides clients with a fully automated on-boarding solution, where they can submit data and documents directly and securely, in addition to receiving confirmations and ale ....

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