HSBC Extends Cash Management Capabilities in Europe
HSBC has expanded its cash management coverage in Europe with the formation of partnerships with domestic banks in Norway, Sweden and Denmark. HSBC’s proposition enables the group to provide services to clients in countries where it does not currently have a presence by operating through partnerships with banks that act as conduits to the local clearing systems on HSBC’s behalf.
“This expansion of our European cash management capabilities will allow us to increase international connectivity and deliver value to our customers through linking up our customers’ businesses across multiple markets” said Tim Fitzpatrick, head of payments and cash management (PCM) for Europe at HSBC.
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