This reports covers some of HSBC’s outstanding digital innovation including we.trade, a blockchain-based platform developed together with IBM and a consortium of leading banks, and the bank’s work with Meliá Hotels to devise a pan-European bulk discounting programme tailored to the Spanish hotel group’s large and diverse receivables platform.
There's never been a more exciting time to be in global trade. While the headlines continue to be dominated by geopolitical challenges, positive forces are setting the scene for a promising 2019 and beyond.
Meliá Hotels' treasury team was looking to access faster and more flexible liquidity as means of speeding up the cash conversion cycle. They decided to implement a receivables finance programme with HSBC that would respond to the company's current and future needs.
GPS Food Group recently participated in a successful pilot of the we.trade blockchain platform, a collaboration between HSBC and eight consortium banks.