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HSBC to launch robo advisor, cross border payments this year

As digital challenger banks expand their product suites, large players like HSBC are quickly evolving their digital offerings to attract and retain customers.

The HSBC Bank will launch a Robo-advisor, new domestic and cross border payments this year. This was announced by HSBC Bank US’s executive vice president and head of customer value management, Mr. Alvaro Teixeira while adding the aim is to bring tailor-made products suiting customer behaviour patterns in creating value addition as the foremost priorities. Earlier, the banking group rolled out a digital personal loan product, high-yield savings account, and Treasury APIs speeding up payments for business clients.

Source: Bank Innovation