The bank has developed its position as Asia’s largest domestic and cross-border cash management provider. In the past year, its income has grown 23%, its customer liabilities 36%, its payments volume 26% and it has won 1617 new mandates. HSBC’s cash management SWIFT volumes in Asia have grown by 48% over the year and it now holds the top spot in the region. It is also the leading foreign investor in China’s financial industry.
Richard Jaggard, senior vice-president, corporate sales, Asia-Pacific, global payments & cash management, says: “HSBC offers fully integrated solutions that were created with customers’ business processes and systems in mind. Increasing operational risk, demand for quicker processing time and the need to cut costs have demanded more automated solutions. We have collaborated closely with some of the world’s top tier companies to create seamless, scaleable solutions, which help to reduce operational costs and enhance their competitive edge.”
