Treasury Management Internation Logo

HSBC Simplifies Cross-Border Transactions

Published 

HSBC India today announced the launch of ‘HSBC UniTransact’, a first-of-its-kind digital proposition aimed at simplifying cross-border transactions. This offering is a one-stop solution, bringing clients the benefit of seamless integration of all aspects of transaction banking while minimising manual intervention through the course of the transaction journey.

Given the complexities of international trade and cross-border transactions, HSBC UniTransact is aimed at streamlining the various processes involved for clients. By digitising all the steps of a transaction, it enables end-to-end visibility of these transactions to clients and also addresses the challenges of having to deal with multiple touch points across different teams for each transaction. It provides a range of benefits such as:

  • Comprehensive Dashboard: It provides a summary of all cross border transactions to be processed, for goods and services; inwards as well as outwards
  • Enhanced Visibility: Detailed real time status throughout the life-cycle of all the cross border transactions
  • Online Discrepancy Resolution: Seamless two-way communication with clients to seek clarifications/ additional information to take transactions to closure
  • Efficient Management of Documentation: Ability for clients to upload, store and retrieve documents for transactions
  • Alerts & Notifications: Customised alerts for actions required/ completed to keep clients updated on the status of their transactions at all times
  • Seamless Execution: Single platform for direct as well as automated FX execution via different FX engines and utilisation of forward contracts.

Commenting on the launch, Hitendra Dave, General Manager & CEO, HSBC India said, “HSBC UniTransact is the latest reflection of our ongoing commitment to enhance client experience via various digital initiatives. The launch of ‘HSBC UniTransact’ is aimed at unifying all the processes and interactions for our clients in any cross border transaction journey. From reducing the number of touchpoints they need to go through, to providing them end-to-end visibility of each transaction, we are confident that UniTransact will create a truly unique world class user experience for our clients.”

Most recent episodes

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55

Building a Data Driven Cash Forecast (with Minimum Effort)

TMI’s Eleanor Hill is joined by Conor Deegan, CashAnalytics, and TMI Award winner François Masquelier to discuss how to make use of internal and external cash flow data sources to create reliable and accurate...

41:34

Tackling the Complexities of IBOR Transition

TMI’s Ben Poole speaks to Shaun Kennedy (Associated British Ports), Tassos Dimopoulos (Salmon Software), and Svenja Schumacher (Deloitte), who provide listeners with everything they need to know about the upcoming...

32:27