Supporting international trade has been at the heart of HSBC’s business model since the bank was founded in 1865.
Today, it facilitates approximately USD740 billion of trade worldwide each year. Trade is also key to HSBC’s ambitions for the future. The bank is investing in digital technology to help customers do business across borders quickly and safely.
In 2019, for example, HSBC completed the first cross-border blockchain transaction involving mainland China. The bank also introduced automated technology in anti-money laundering and sanctions checks as part of its drive to tackle financial crime – a first in the trade finance industry.
“As the world’s leading trade bank, we are making trade easier and more accessible and take our responsibility to transform the industry seriously,” Mrs Blyth said. “We are harnessing innovative and scalable new technologies, such as artificial intelligence, robotics and blockchain, as we continue making progress on our trade transformation journey.”