Revolutionising Banking with Advanced Trading Solutions
HSBC Singapore has announced a partnership with Saxo Bank aimed at advancing its digital investment services within the country. This collaboration leverages Saxo Bank’s cutting-edge trading infrastructure, which will be integrated into HSBC’s digital platform to enhance its investment offerings.
Through the adoption of Saxo’s OpenAPI-powered trading technology, HSBC plans to offer its retail banking customers access to a global portfolio of equities, improved functionalities, and an enhanced user experience. According to HSBC, this partnership is part of its broader strategy to accelerate the digitisation of its wealth solutions and banking services, a process already underway through the rollout of over 60 digital processes in the past two years.
Saxo Bank’s CEO for Asia Pacific, Adam Reynolds, highlighted that this OpenAPI technology ensures scalable, efficient investment solutions, allowing HSBC to focus on delivering exceptional client service. Anurag Mathur, HSBC Singapore’s head of wealth and personal banking, remarked that the collaboration will strengthen HSBC’s equities trading capabilities and provide a seamless, end-to-end digital experience for its customers.
The enhanced digital investment platform is set to be launched early next year, offering fully digitalised services to both local and overseas customers of HSBC Singapore. This marks a significant step in the evolution of HSBC’s retail banking and wealth management solutions.
