Awards for Excellence 2014: Best wholesale banking technology innovation

Best wholesale banking technology innovation: HSBC

It seemed an impossible task – the new world order of global regulators demanded information and data in real time from different formats, with different requirements in different regions and from different platforms. “As an industry we were used to trading in real time, but we were not used to collecting data about settlements and confirmations and portfolios on a real time basis as the processes just did not allow for assimilation of large data sets to be pooled,” says Sumeet Chabria, CIO for global banking and markets at HSBC.