Tag: HSBC

Sharia-compliant ethical investing platform Wahed has received $50m in its Series B funding round as it plans to launch an ethical neobank.

HSBC has launched a Female Entrepreneur Fund which will provide $1bn in lending to female-owned business over the next 12 months.

HSBC Insurance has completed the acquisition of 100% of the issued share capital of AXA Insurance in Singapore, for $529m.

As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.

The Financial Conduct Authority (FCA) has fined HSBC Bank ?63,946,800 for failings related to its anti-money laundering processes.

HSBC has introduced the Risk Advisory tool, a solution aimed at helping the management of credit more efficiently for risk and trading teams.

HSBC Qatar has unveiled a new mobile payments and collections service for its customers as it continues its investment into digitising banking services.

PropTech company LendInvest has secured a partnership with banking giants HSBC and Barclays that will funnel ?150m into the UK property space.

HSBC Insurance is set to acquire the Singaporean arm of global insurer AXA in a deal worth $575m.

HSBC has unveiled AiPEX5, a new AI-powered equity index structured product to bolster its wealth offering in Hong Kong.