In the modern global economy of diminishing borders, a sustainable competitive advantage can be reached by exploring opportunities outside domestic/established markets. That is why strategic cash management and enhanced visibility for making faster, smarter business decisions is vital to success[1].
The evolution of[2] the bank-FinTech narrative[3] from competition to hybrid strategy, including innovation arms working on collaboration with startups to launch products or enhance existing offerings, enabled progressive financial institutions to accelerate innovation adoption and retain a competitive position in modern – borderless – economies.
With the aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfill their hopes and realize their ambitions, HSBC, one of the largest and most progressive institutions globally, serves more than 38 million customers. HSBC uses digital technology to make it simpler, better and faster for its customers to bank with HSBC while keeping their money safe and their data secure.
Given that more than 50% of HSBC’s client revenue derives from businesses and individuals with an international presence[4], through partnerships, its venture arm, and challenges, HSBC is working with innovative companies from around the world to harness the next generation of technology.
With its HSBC Edge program[5], run in partnership with MEDICI, HSBC is looking to identify FinTech companies/startups with products and solutions around global liquidity and cash management.
Shortlisted startups will get an opportunity to pitch their solutions to the judging panel, including HSBC India Global Liquidity and Cash Management (GLCM[6]) senior management and a representative of National
