HSBC has partnered with Oracle NetSuite to offer Banking-as-a-Service to its customers.
In Brief:
This will enable HSBC customers to embed business banking solutions into their own platforms.
International payments and expense management services can be added.
These are embedded into NetSuite’s SuiteBanking offering.
What does this mean?
NetSuite users, thanks to HSBC, will be able to automate services. HSBC intends to expand this range to encompass more services including a multi-currency digital wallet.
