back Back

HSBC UK rolls out mobile-first banking service HSBC Kinetic

By Megha Bhattacharya

March 24, 2021

  • HSBC
  • UK
Share

HSBC KineticHSBC UK today announced the launch of HSBC Kinetic, a mobile-first banking service. The new solution has been developed using insights from over 3,000 small business owners and is available for download on both iOS and Android via the Apple App Store and in Google Play.

According to the Bank, the new service enables business owners to apply for an account in minutes in the app. Once approved, customers can order a debit card and use the app to manage their business payments such as Direct Debits, standing orders and future payments. They can also see where their money is going with spend categorisation and cash flow insights. HSBC Kinetic includes a suite of products including, credit card, same day overdrafts and a savings account that can all be applied for in-app (subject to eligibility).

Peter McIntyre, Head of Small Business Banking, HSBC UK, said, “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. 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.”

The application has integration with other small business finance solutions including accounting software from providers such as Xero, QuickBooks, and Sage. The Kinetic account also comes with the Bank’s first vertical debit card. The app has been build on the Google Cloud platform and relies on HSBC UK security features.

Nadya Hijazi, Global Head of Digital Business Banking Channels said, “HSBC Kinetic is already helping thousands of small businesses across the UK transform the way they do business. More than just a bank account, HSBC Kinetic is a truly mobile-first banking service packed with features, useful insights, in-app customer support and offers all of the reassurances associated with being a part of a large bank that is able to support businesses at every stage of their growth.

“But we’re not done yet, in the coming months we’ll be introducing more features including a small business loan and International Payments. As the needs of small businesses evolve, we’ll continue to help them through HSBC Kinetic to create and support the next generation of businesses.”

Previous Article

March 24, 2021

Future FinTech signs agreement to acquire 60% of Guang Dong Hi-Card Business Service

Read More
Next Article

March 24, 2021

Refinitiv launches new digital solution – Wealth Connect

Read More








IBSi Daily News Analysis

Saudi Arabia, banks,

February 26, 2024

HSBC

UAE banking pulse: robust growth and profitability signal positive outlook

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Vietnam International Bank, Temenos & AWS to drive digital banking innovation

Read More

Today

Raqami Islamic Digital Bank taps Codebase Technologies’ Digibanc platform

Read More

February 23, 2024

Vencora acquires CREALOGIX to expand its banking technology services

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023