Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » HSBC to Trim 35,000 Jobs & Employ Blockchain, AI

HSBC to Trim 35,000 Jobs & Employ Blockchain, AI

Kelly Cromley by Kelly Cromley
Feb 20, 2020
in Market News, News
Reading Time: 1 min read
0

HSBC executive, in an analyst call held on February 18, disclosed the bank’s intention to eliminate 35,000 positions by the end of 2022 and invest additional funds in digital solutions.

HSBC aims to trim down the staff count and branches over the next three years, while streamlining the operations by setting aside money for technological advancement.

Noel Quinn, group chief executive further stated in the earning call that:

“In Retail Banking, we will expand our products offering and increase our investment in digital. We’ll refocus our Retail Banking presence to serve globally mobile clients, reducing our branch network in the US by around 30%. […] We will also continue to invest in the digital systems and solutions that will improve the service we offer our clients.”

Going by earlier statements of HSBC, it is clear that the bank is looking to deploy a new blockchain powered custody platform, referred to as Digital Vault, by March 2020.

HSBC intends to transfer $20 billion worth assets to the aforementioned platform and digitize hard copies of documents related to private placements with the intention of increasing uniformity and quicken up procedures in the budding sector.

Three years back, the bank nominated a team of advisors to study methods to employ path breaking technologies such as blockchain, artificial intelligence and biometrics into its operating model to minimize cost.

Previous Post

Proof-of-Business (PoB) payment transactions Successfully Completed Using Cross-Carrier Payment System

Next Post

Israel Attorney General Avichai Mandelblit – Crypto Firms Should Not be Denied Banking Facility

Related Posts

space-id-partners-with-enkrypt-wallet

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
0

SPACE ID has expanded its service capabilities through a strategic integration with the Enkrypt wallet, aiming to streamline crypto transactions...

iost-signet-ring-biometric-wearable

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
0

The evolving Web3 landscape is witnessing a growing emphasis on digital identity technologies, especially as a response to rising concerns...

arichain-partners-with-hero

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
0

Arichain, a decentralized platform recognized for its developer-centric infrastructure and scalability, has embarked on a strategic collaboration with HERO, a...

web3-decision-partners-with-arichain

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
0

Web3 Decision, a recognized provider of AI-driven and quantum-secure technologies for blockchain applications, has launched a strategic partnership with Arichain,...

filecoin-partners-with-avalanche

Filecoin-Avalanche Pact Unlocks Multi-Chain Storage Power

by Kelly Cromley
Jun 23, 2025
0

In a key development for the blockchain ecosystem, Filecoin and Avalanche have unveiled a strategic collaboration aimed at creating a...

More than Century Old Asset Management Firm Invests $100mln in Blockchain.com

UK Sees First Blockchain-Based UCITS Tokenized Fund Launch

by Kelly Cromley
Jun 22, 2025
0

A landmark development in the UK’s financial sector has emerged with the introduction of the country’s first blockchain-based UCITS tokenized...

Next Post
Israel Attorney General Avichai Mandelblit – Crypto Firms Should Not be Denied Banking Facility

Israel Attorney General Avichai Mandelblit – Crypto Firms Should Not be Denied Banking Facility

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

space-id-partners-with-enkrypt-wallet
Market News

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
iost-signet-ring-biometric-wearable
Market News

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
arichain-partners-with-hero
Market News

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
web3-decision-partners-with-arichain
Market News

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
filecoin-partners-with-avalanche
Market News

Filecoin-Avalanche Pact Unlocks Multi-Chain Storage Power

by Kelly Cromley
Jun 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree