Category: HSBC

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. 2212 Total views 7 Total shares Global banking giant HSBC has announced that it has been successfully onboarded to the regional Know-Your-Customer (KYC)-focused private blockchain backed by Dubai’s government. HSBC is the first overseas, and fourth founding member, […]

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HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin

HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin

The investment banking giant now reportedly classifies MicroStrategy as a “virtual currency product.” 6222 Total views 31 Total shares Buying MicroStrategy stock is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC. According to a supposed message from the bank to its customers, HSBC has directed users […]

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HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

(David Franklin/Shutterstock) HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction The Bangladesh arm of HSBC, one of the world’s largest banks, has completed the country’s first cross-border blockchain trade finance transaction. According to a press release on Tuesday, the digitized letter of credit (LC) transaction brought a notable reduction in the processing time compared with […]

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