Bangko Sentral approves HSBC PHL’s digital banking for corporate clients

The Bangko Sentral Ng Pilipinas (BSP) has approved HSBC Philippines’ app called HSBCnet Mobile, allowing authorized corporate users to access their bank accounts and cash management services using their smart phones.

The app was made available for free download from the App Store and Google Play Store on Wednesday, April 11, the bank said on Friday.

It supports Touch ID and Face ID, specifically on Apple iPhones.

“Using fingerprint and facial recognition rather than a password is more intuitive and easier to set up, while simultaneously ensuring digital banking is at its most secure,” the bank said.

“It is a significant milestone for HSBC Philippines to introduce biometrics for our corporate banking clients using our digital banking platform, HSBCnet. These developments clearly help us meet our client’s needs in this fast-paced digital world,” said Wick Veloso, HSBC president and chief executive officer for Philippines.

The app allows chief financial officers, treasurers and their teams to work flexibly and securely, while staying connected to their core functions and responsibilities, the bank noted.

“We continue to leverage on technology and innovation to provide clients with digital products and services that are simple, convenient and secure” Veloso noted.

Through the app clients can access their accounts globally.

HSBC invested $2.3 billion between 2015 and 2017 as part of its ongoing digital transformation.

Apart from the Philippines, the HSBCnet Mobile app is available in 41 countries across Europe, Americas, Middle East and Asia Pacific. —VDS, GMA News