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Corporate Connectivity at HSBC

by Ian Bryant, Senior Product Manager, HSBC Global Payments & Cash Management

Introduction

Communicating with banks in a secure, automated and timely manner is one of a corporate treasurer’s key priorities. Selecting the right connectivity approach to achieve this is not simply a technology decision, but a holistic organisational endeavour, as it plays an essential role in achieving effective cash management, cash centralisation and visibility, automated reconciliation, secure payments and control over collections.

The more efficiently corporates can communicate with their banking partners, the more effectively banks can deliver services that enhance the way they do business.

Enhancing the way in which corporates communicate with their banks is one of the most significant ways in which today’s treasurers deliver value to their organisations, by optimising the visibility and efficiency of financial processing across the company. The more efficiently corporates can communicate with their banking partners, the more effectively banks can deliver services that enhance the way they do business.

Excellent corporate connectivity capabilities are an essential part of cash management propositions. This includes how to connect the corporates’ systems and applications with the banking systems, the message standards supported, and the connection channels. HSBC’s approach to providing connectivity solutions includes integration with the corporate systems, use of leading-edge messaging standards such as XML/ISO20022, the multi-bank connection service SWIFTNet and data enrichment options. The objective is to deliver real value to our customers.