HSBC Signs Deal with 3i Infotech
HSBC has signed a deal with IT solutions provider 3i Infotech, to implement Reporting to Clients for its cash management and payments division. Reporting to Clients will be used in conjunction with Client Money Manager (CMM), HSBC’s third-party fund management system.
As part of HSBC’s plans to expand its CMM offering, it is investing in the service, with one of the areas targeted for improvement being statements and reporting.
Ian Hallam, product director for western Europe at 3i Infotech, said: “To date, Reporting to Clients has been predominantly used by investment managers so it is very pleasing to see the use of this application extended to commercial banking.”