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HSBC to build startup for small and medium businesses. (Image via The Tokenist)
HSBC Plans To Build a Startup
HSBC is planning to build a startup company, in hoping small companies will depend on them. The name of the startup company is Serai, and it is described by the chief executive, Vivek Ramachandran that they are hoping people would go to Serai for their company. He said people these days use Facebook for their personal network and LinkedIn for their professional network. With Facebook and LinkedIn in mind, the intention to make Serai is for the company.If Facebook aims to people to share memories and thoughts with friends and families while LinkedIn is to show people about their professional life, Serai aims for people who have a business. Serai’s job is to connect small-and-medium-sized manufacturers with suppliers around the world. This way, business owners will be able to purchase the best products from suppliers who cannot be reached before.
Ramachandran stated that small and medium companies are not fond with navigating international markets. One of the biggest problems is about the transactions. Through Serai, it is hoped the problem will be solved.
It seems like HSBC group is launching quite amount of new programs or products. HSBC UK is launching a new program as well. It is referred as “Survivor Bank” due to its purpose in helping the victims of modern slavery and human trafficking in Britain. The victims will be able to open bank accounts in HSBC through this program.
Source: https://www.reuters.com/article/us-hsbc-hldg-startup/hsbc-backed-startup-aims-to-become-linkedin-of-global-trade-idUSKCN1TP05O
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