Finastra & HSBC: Collaborate to bring Banking as a Service FX capability
- Finastra is a global provider of financial software applications and marketplaces and launched the leading open platform
- HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London
- Announced that they are working together to distribute HSBC’s FX services via FusionFabric.cloud platform
- This collaboration will take advantage of the best elements of modern API-driven connectivity with licensed institutions
- The first phase of the roll-out will provide both indicative and executable FX rates to regional mid-tier banks
- Integrating HSBC FX services with mid-tier banks will allow participating banks to deliver a wide range of currencies
