HSBC launches global payments, cash management platform

MANILA, Philippines - The Hongkong and Shanghai Banking Corp. (HSBC) have launched its new online solutions delivery platform for global payments and cash management.

HSBC’ senior vice president and head of Corporate Banking said ClientSphere is a faster and more efficient implementation of cash and treasury management solutions.

“Providing accessibility through our global corporate banking portal, HSBCnet, ClientSphere puts our clients in charge by giving them full visibility and control throughout the implementation process,” Veloso said.

ClientSphere is the result of a client-driven approach to product design and development, leading to patent applications for the platform around the globe.

“As evidenced by feedback from corporate treasury and finance professionals participating in our pilot program, ClientSphere delivers a much sought-after and valued implementation experience,” he added.

HSBC client GroupM, a global leader in media investment management operation, used ClientSphere to move from paper-based instruments towards electronic payments and address the growing large-scale disbursement, payroll processing and collection needs of their different entities, namely Mindshare, Mediacom, Kinetic Worldwide Media, Maxus Media and Mec Media.

It is a convenient online communication tool and knowledge bank that makes all the processes, functions and essential information available to all project stakeholders. The easy accessibility and visibility to the implementation stages and activities give me assurance of the project progress and quality.

HSBC has a longstanding track record of providing consultative services to clients and engineering cash management solutions that enhance operational efficiency and maximize productivity. HSBC is also the first financial services provider to use technology to create a single platform that improves the cash management solution on boarding process for all stakeholders.

The online solutions delivery platform is a patent pending cash management solution implementation platform developed by HSBC. The bank, clients and third party vendors can use the platform during an implementation project. It fosters visibility and control of implementation project progress, and alignment among all parties, regardless of their geographical and organizational boundaries.

HSBC is one of the world’s largest banking and financial services organizations, with 24-strong total branch network (including 16 branches of the locally incorporated HSBC Savings Bank) located in Metro Manila, Cebu and Davao.