With the integration of FinTech and Enterprise Resource Planning (ERP), enterprises can use the latest software from Oracle Netsuite to deploy HSBC banking services on their own technology platform.

Application programming interfaces (APIs) allow businesses to incorporate HSBC banking services such as international payments and expense management into their own technology platform.

In banking as a service, the service is built in NetSuite’s Suite Banking Software. Business users of software can get invoice payments, invoice submissions, payment receipts, and complete cash flow visibility from a single integrated system. HSBC plans to expand its banking service as a service with plans to integrate a global wallet that provides immediate access to currencies. Barry O’Byrne, CEO of HSBC’s Global Commercial Banking, said: On their platform, with the support of HSBC technology and an international network.

“Incorporating our solution into your platform is at the heart of our strategy to support your growth in all regions, from Asia to the Americas. We say this is the first alliance for many. Is thinking. “

Evan Goldberg, Vice President of Oracle NetSuite, said SuiteBanking software is the first step in integrating the world of ERP and fintech.

“This allows our customers to automate all these processes in one suite while providing greater visibility and control so they can maintain healthy cash flow as they grow. We are pleased to work with HSBC, a leading international bank incorporating FinTech innovation, to help our customers achieve this.”

Not only does it give developers access to various HSBC APIs, but it also provides a secure sandbox environment for testing. Nadya Hijazi, then Head of Digital, Global Liquidity and Cash Management at HSBC, said APIs are the future of enterprise-to-bank connections.

“By opening up our API suite to our customers and developers, we allow them to quickly integrate our solutions into their own products. Incorporating our insights into our customers’ own business makes them more resilient and less dependent on their technology limits.”

Banks are increasingly seeking additional sources of revenue through FinTech services.

Challenger App-based Bank Starling launched its banking service as service in the United Kingdom in 2018. After acquiring 25 business customers Expanding services to the European continent. The Starling API can be implemented with just a few lines of code and gives users access to major payment systems such as Faster Payments, Sepa, and Bacs.

Tags: , , , , , , , , , , , , , , , , , , ,
Nikoleta Yanakieva Editor at DevStyleR International