Treasury Management Internation Logo

HSBC Launches Treasury APIs for Payments in 27 Markets

Published 

London, UK –  HSBC today announced the launch of Treasury APIs to offer business clients a faster and more seamless way to transfer funds.

Using HSBC Treasury APIs, treasurers can make payments from their own workstations, without logging into a proprietary bank platform. Clients receive confirmation that a payment request has been received and can track payments from their accounts to the beneficiary – improving visibility over transactions.

Clients can also use HSBC Treasury APIs to check account balances and transactions on demand, in real-time. This avoids reliance on reports or statements, and helps treasurers to make dynamic cash management decisions.

Nadya Hijazi, Head of Digital, Global Liquidity and Cash Management, HSBC said: “Our APIs respond to rapidly-changing client demands for fast, simple and secure access to payment and account services. APIs are the future of corporate-to-bank connectivity, and we are excited to be putting clients at the centre of new developments to help them run and grow their businesses.”

TATA CLiQ, the e-commerce platform of TATA Group, now processes instant refunds to consumers using HSBC Treasury APIs in India.

Ashish Diwanji, Head of Finance and Business Support, Tata Unistore Limited (Tata CLiQ) said: “Previously we relied on file upload and approval to pay refunds, meaning our customers received their money a day after requesting it – as typically we get refund confirmations from sellers on our platform at the end of the day. With HSBC Treasury APIs, we can trigger payments automatically, 24/7, without any dependency on the CLiQ team being present. This means a much better experience for our customers as they get their money back faster.”

HSBC Treasury APIs provide secure access to a range of services, making them available directly from a corporate ERP system, treasury workstation or another platform that clients use to run their business.

The APIs can be used for real-time payments, single or bulk payments, and payment status enquiry across a number of markets within Asia, Europe, the Middle East, and the Americas, including France, Germany, Hong Kong, India, Singapore, UAE, UK and USA.

Most recent episodes

Trends in RFPs and RFIs: What Treasurers Want

Eleanor Hill (TMI) invites Dick Oskam and Bert Van Drie (ING) into the TreasuryCast hotseat to find out what trends treasurers want to see emerge from the Request for Proposal (RFP) and Request for Information (RFI)...

33:16

Creating a Connected Financial Office

When data flows are connected, it’s so much easier to make quick and accurate decisions. This is the principle behind the notion of the connected financial office. In this podcast, Gareth Priest (Bottomline Technologies) provides informed advice on how...

18:34

Journeys to Treasury: Managing Changing Perspectives

For this special edition of TreasuryCast, we showcase the results of the Journeys to Treasury 2021-22 report. Here, Jan Dirk van Beusekom (BNP Paribas) and Christian Mnich (SAP) offer Eleanor Hill (TMI) an informed view...

33:03

Cybersecurity for Treasurers

Cybercrime and fraud is on the rise and new attack vectors are emerging with alarming frequency. In this podcast, Nicolas Trimbour (BNP Paribas) and Laurent Sarrat (Sis ID) provide an overview of the latest tools and best practices treasurers should be employing...

37:53

A New Treasury Ecosystem: Open Banking, APIs, and BaaS

For this special edition of TreasuryCast, Eleanor Hill invites Peter Claus-Landi (GE) and Jared Smith (HSBC) to cover how key API-centric developments are changing the treasury landscape. With APIs significantly...

18:02

Using Data as the Corner for Finance Transformation

Many organisations face challenges in managing spend, payments, and cash effectively due to siloed processes and datasets across multiple departments. In this podcast, Ulrika Haug (Coupa) and Kim Estes (The Knot...

29:20

Realising Treasury’s True Value – A Strategy for Change

Join John Meehan (Froneri) to hear how Froneri utilised a year of no acquisitions and no meetings to implement a total transformation project through implementation of a TMS, unlocking the true value of his corporate...

49:14

Lessons from Innospec on Building a Strong Cash Culture

Without ready access to the key metrics of cash forecasting, Andrew Hawes (Innospec) knew the business could do little more than react to events. But without the collaboration of key stakeholders too, he knew that...

35:08

How to Make Your TMS the Ultimate Investment Tool

The right TMS can be a huge asset to treasury. But these one-stop shops often fall short when it comes to short term investment workflows. In this podcast, Ed Lopez, James Griffin (Calastone), Jeannot Jonas (Carrier...

01:24:00