Banking News

HSBC Launches Business Banking Mobile App for SMEs

HSBC Launches Business Banking Mobile App for SMEs

(26 March 2021 – United Kingdom) The United Kingdom’s (UK’s) largest bank HSBC has launched a new business banking mobile application (app) service for Small and Medium Enterprises (SMEs).

This new service, “HSBC Kinetic”, has already been tested by over 3,000 small businesses. It is designed to be a one-stop-shop to help small business owners manage all their financial needs.

Ultimately, the platform will be a simpler, faster and more intuitive experience for SME business banking. It has also been integrated with accountancy softwares such as Xero, QuickBooks and Sage to help manage business cash flows.

“Faced with a constantly evolving market environment, today’s small businesses need a bank that is agile and flexible – that equips them with real-time, easy to understand banking data to help them make quick decisions and pivot their operations” commented HSBC UK Head of Small Business Banking, Peter McIntyre

“HSBC Kinetic combines our extensive banking expertise and infrastructure with an innovative approach to offer the best possible business banking experience for customers at a very competitive price point” Mr McIntyre added.

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