Tag: HSBC

HSBC Deems Blockchain Infrastructure for Trade Finance Commercially Viable

Blockchain technology can be a viable tool when put in the right hands. HSBC is one of the many banks exploring the boundaries of this innovative technology. The company recently conducted and completed its first trade finance deal using a distributed ledger. It’s a very positive development for the blockchain industry, as global adoption seems imminent. HSBC Has a Major Breakthrough It is evident financial institutions all over the world are quite …
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HSBC’s Voice Recognition Security can be Bypassed With Relative Ease

It is not entirely surprising to learn voice recognition is not necessarily a secure system. HSBC Bank found this out the hard way, as a BBC reporter was successfully able to bypass this security measure altogether. All of this goes to show voice ID authentication for banking services is not the best approach by any means. BBC Reporter Tricks HSBC Voice Recognition Authentication It has to be said, these are …
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DoJ Dedicates Resources To Keep HSBC’s Money Laundering Report From The Public

Over the past few years, there has been a lot of talk about how bitcoin is used for money laundering purposes. A sit turns out, cryptocurrency is not suited for this type of illegal activity. Large banks are actively helping cartels launder money, yet very few people seem to be aware of this situation. A lot of experts are concerned about the scope of HSBC’s money laundering settlement. HSBC Was …
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HSBC Executive and SWIFT Board Member Joins Ripple to Support Continued Global Growth

Payment Technology Veteran Marcus Treacher Named Global Head of Strategic Accounts SAN FRANCISCO & LONDON – Ripple, the global provider of financial settlement solutions, today announced the hire of Marcus Treacher as Global Head of Strategic Accounts. Treacher brings more than 30 years of experience in transaction banking and payment system technology, including 12 years in global leadership roles at HSBC. He also served as a member of the Global Board of SWIFT …
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