HSBC Innovation Lab Crawl
10 December 2020
The opening of the HSBC Singapore Innovation Lab was the first of such a dedicated and strategic space for the bank in Asia Pacific.
Launched in 2015, the Lab focuses on driving and developing the next generation digital and mobile banking, based on needs of corporates with a particular focus on cash management, liquidity, trade and supply chain. Staffed with a team of business and technology experts, we partner with clients, technology firms, academia and the government to generate new ideas and concepts for prototyping. Cutting-edge client propositions will be put to trial through business simulations to derive practical insights into digital disruptions, and fine-tuned before being fully launched in the market. The lab continues to be a key incubator for HSBC’s world-wide innovation programme, leveraging our international reach and connectivity to accelerate and amplify the benefits and opportunities to our clients with international ambitions.

Our sessions
09:30 AM - 10:00 AM
Session 1 - HSBC's Liquidity Management Portal and Cash Flow Forecasting

HSBC’s Liquidity Management Portal leverage our liquidity management and deposits propositions and enable our clients to innovatively engage with us for their cash and liquidity management activities via a single point of entry on HSBCnet.
HSBC’s Cash Flow Forecasting proposition will provide clients insight on their cash projections and enable them to make informed decisions on how to efficiently manage their liquidity.

Scott Samson, Director, Global Liquidity and Cash Management, HSBC
10:15 AM - 10:45 AM
Session 2 - HSBC Omni Collect

In this session, we will cover digital payment trends, emerging payment schemes and how HSBC Omni Collect helps our clients. 
HSBC Omni Collect is a single platform that help our clients accept payments via Real Time Payments through Static & Dynamic QR codes (SGQR / PayNow QR), Cards and E-Wallets.  It supports bill / invoice payments, Point of Sale, eCommerce and mCommerce.

Komgrit Treetipbut, Senior Vice President, Global Liquidity and Cash Management, HSBC
11:00 AM - 11:30 AM
Session 3 - Digital Capabilities in Securities Services

Reimagining the Asset Ecosystem: Digital Assets & Channels
In this session, the Digital & Data team from Markets & Securities Services, HSBC Singapore, will be sharing on how enabling technology like blockchain and APIs can transform the end to end trade lifecycle.
More specifically, the team will be speaking on trends in capital markets, evolving financial market infrastructure and our initiatives in the digital assets space. The team will dive into the collaboration with SGX and Temasek Holdings to build a DLT-enabled platform that recently saw a first-in-Asia digital public bond issuance. The team will also showcase how River, a bot built on the Symphony platform and powered by APIs, delivers value to HSBC clients. 

Rajeev Tummala, Director, Digital & Data, Securities Services, HSBC
11:45 AM - 12:15 PM
Session 4 - Transactional FX – building FX and Payments ecosystems

Ecosystems built in collaboration with internal and external partners are pivotal to HSBC’s Transactional FX business strategy in providing overarching solutions to our clients. 

Himanshu Joshi, Head of Transactional FX Asia, Global Markets, HSBC
12:30 PM - 1:00 PM
Session 5 - The digital future of trade finance

Letters of Credit on Blockchain
Digital Onboarding and Banking Experience
The developments of trade API

Kyle Junkin, Head of Digital Implementation, Global Trade and Receivables Finance, HSBC
02:00 PM - 3:45 PM
Session 6 - HSBC Wealth and Personal Banking

Open Banking-enabled Proposition
HSBC is one of the seven pioneering banks to lead in the supporting the MAS in developing the Singapore Financial Index (SGFinDex). Find out more the journey to get here and how we are supporting our customer’s personal financial planning.

Kieren Soh, Head of Digital Commercialisation, HSBC
Ryan Sim, SVP, Wealth Products Management, HSBC

Cards End to End Digital Journey
In August 2020, HSBC launched a digital straight-through-banking credit card on-boarding experience for new customers leveraging MyInfo - a Government portal that enables citizens and residents to manage the use of their personal data for simpler online transactions. This is an astounding achievement as new customers with MyInfo access can now apply for a HSBC credit card, register for online banking and be ready to spend using a virtual card or Apple Pay within 5 minutes, all on the HSBC Singapore app.
It's a seamless digital journey end to end, from application to instant approval to immediate usage and even account servicing for our customers.

Ng Kwee Song, VP, Cards Product, HSBC

Evaluating Fairness in Artificial Intelligence & Data Analytics (AIDA) decisions for Customer Marketing
AIDA systems can be a source of immense benefits. When not governed appropriately, however, these can cause and perpetuate unintended harms and increase risks. MAS released FEAT principles as a guide to promote Fairness, Ethics, Accountability and Transparency in the use of AIDA by the financial sector. These were co-created with FIs and in phase 1 of the Veritas project, HSBC Singapore, in partnership with FMG, led the development of fairness evaluation methodology for Customer Marketing decisions. In this experience sharing interactive session, we will talk about the methodology creation process using a real use case. We will also share early lessons on our journey to deploy these measures globally and for all customer selection models. This interaction will be of interest to practitioners looking to operationalize governance of AIDA. It will be of semi-technical nature and while we will focus on fairness measures in particular, we will also touch on linkages with other significant governance dimensions – Transparency, Ethics and Accountability.

Gunjan Bhatt, Head of Data and Analytics, Singapore & Asia Pacific International Markets, HSBC

Wealth Digital Enhancements
We will be presenting the new enhancements on our digital platform and this includes our HSBC Mobile app, Online Banking & Public Website and how these journeys will be useful for us to increase our penetration with customers and also engage them for their financial planning to fulfil their wealth needs.

Mahalakshmi Iyer, Wealth Product Management, Wealth Platforms & Digital, HSBC
 
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