Reuters and HSBC Sign Global Data Deal
Reuters and HSBC Group have signed a new agreement that will, for the first time, give the bank a global licence to use Reuters data and information across the entirety of its business. The agreement means that Reuters capabilities can now be fully applied to the business needs of HSBC. It also supports HSBC’s ambition to standardise and rationalise its overall data costs and the number of data suppliers it has globally. The deal delivers on Reuters stated aim of extending beyond the desktop to offer a complete business solution for an entire global organization. It will run for the next three years with an option to extend for a further two years.