HSBC rolls out APIs to support real-time B2B payments
(15 January 2020 – Global) HSBC has launched its Treasury APIs to offer treasurers easier access to payment and account services, as well as to initiate the transfer of funds for B2B payments.
The APIs will allow treasurers to make payments from their own workstations without logging into a proprietary bank platform. Clients receive a confirmation that a payment request has been received and can track payments from their accounts to the beneficiary.
The process establishes corporate-to-bank connectivity, as clients can better manage cash decisions by checking account balances and transactions in real time to avoid reliance on statements.
The HSBC Treasury APIs provide secure access to various services, making them available from a corporate enterprise resource planning system, treasury workstation or another platform that clients use to run their business.
"Our APIs respond to rapidly-changing client demands for fast, simple and secure access to payment and account services," Nadya Hijazi, head of digital, global liquidity and cash management at London-based HSBC, said in the release. "APIs are the future for corporate-to-bank connectivity and we are excited to be putting clients at the centre of new developments to help them run and grow their businesses."
The APIs can be used for real-time payments, single or bulk payments, and payment status inquiry across markets within Asia, Europe, the Middle East, U.K. and United States.