Series of Application Program Interfaces (APIs) will Enrich Client Experience and Improve Access to Products and Services

HSBC US Commercial Banking announced that it will launch a Digital Partner Platform to improve client experience for corporate customers of all sizes through digital enhancements and partnerships. The platform will also streamline the ability for third-parties, like FinTechs, to partner with HSBC so that companies, from startups with $5 million in revenue to multinational corporates with $5 billion in revenue, can benefit from easier access to HSBC’s products and services.

The Digital Partner Platform will launch in early 2019 through a series of APIs, beginning with one designed to digitize commercial onboarding. This will enable a much simpler and more efficient client experience and allow companies to directly apply for commercial banking accounts online through the digital properties of HSBC or its partners.

“Our corporate clients expect value-added digital connections from their banking partner,” said EJ Achtner, US Head of Digital Banking for HSBC Commercial Banking. “As we expand this platform, our intention is to create a digital ecosystem that gives clients access to the tools they need to grow and succeed.”

Throughout 2019, HSBC plans to expand the platform to allow cross-border account opening across select international markets while giving partners the ability to participate in the ecosystem.

Notes to editors:

HSBC Commercial Banking

For over 150 years we have been where the growth is, connecting customers to opportunities. Today, HSBC Commercial Banking serves more than two million businesses across the world, ranging from small enterprises focused primarily on their home markets through to corporates operating across borders. Whether it is working capital, term loans, trade finance or payments and cash management solutions, we provide the tools and expertise that businesses need to thrive. As the cornerstone of the HSBC Group, we give businesses access to a geographic network covering more than 90% of global trade and capital flows. For more information visit: http://www.hsbc.com/about-hsbc/structure-and-network/commercial-banking

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of FDIC. Investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc.

Media:HSBC North AmericaMatt Ward, 212-525-1931matthew.m.ward@us.hsbc.com

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