HSBC’s big bet on trade finance

The bank is targeting the often-overlooked service sector with structured solutions, along with identifying embedded finance as a fast-growing segment. With the launch of Global Trade Solutions, it goes beyond traditional product offerings and financing.

Global trade has had a tough few years, what with supply-chain disruptions, geopolitical tensions and sustainability challenges. Corporates have had to adapt to this new reality, and banks have had to evolve as well.

HSBC, the world’s largest trade-finance bank by revenue, launched Global Trade Solutions last month, a rebrand of its long-standing Global Trade and Receivables Finance (GTRF) business. The bank is moving beyond being a product provider and financier to offering more comprehensive and tailored solutions for clients.

“There’s a much broader role for banks like us to play to help clients with these changes,” says Vivek Ramachandran, HSBC’s head of global trade and receivables finance.

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