FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

HSBC ‘Connection Hub’ Is Basically a Professional Dating Network For SMBs

Grace NotobyGrace Noto
June 7, 2017
in Uncategorized
Reading Time: 2 mins read
0
Share on Facebook

HSBC, like many banks, is taking lessons learned from social media to heart.

With its new “Connection Hub,” small and medium business clients will be able to more directly and easily connect with each other, the bank announced yesterday.

The ‘hub’s’ structure resembles a cross between a professional networking site, such as LinkedIn, and an online dating service.

“You’ll be able to set up a profile for your business, including things like revenue, location, industry sector, and what industries you’re interested in,” Richard Davies, global head of propositions for HSBC commercial banking, told Bank Innovation. “The platform has a machine learning algorithm that helps match your business, helps connect the most relevant companies to that [business] user.”

Businesses connecting on the platform will then have the opportunity to start a “dialogue,” as Davies terms it, on whatever they like; though HSBC client managers will be aware of who joins the platform, conversations will remain private.

It’s an intriguing structure for an internal business forum, one that seems to borrow strategy and tools employed by many consumer-facing social media networks.

Right now, the “multilingual” hub is freely available—at least for HSBC business customers—for SMBs in eight countries, according to Davies, including Canada, China, India, the U.S., and the bank’s native United Kingdom. The bank will seek to expand that list later in the year, but for right now the focus remains on customer acquisition, says Davies.

“We’re bringing a lot more users on to the platform; that connectivity is very much our focus,” said Davies.

Davies added that the bank sees the platform expanding “frankly, a lot” over the next couple of years—so long as that all-important metric for social networks (i.e., user adoption and engagement) hits the expected levels.

Tags: ExclusiveHSBCmachine learningsmall businessesSMBs
Previous Post

Consumers Will Always Hate Fees (Especially in P2P Payments)

Next Post

Crypto ‘Crash’ Is Coming, Expert Says

Related Posts

(Courtesy/Finastra)
Strategy

Inside look: Finastra CEO talks divestiture, growth plans and AI

August 13, 2026
Cisco logo on a wall of lights
Risk & Security

Cisco clients spend more on security to prepare for Mythos, quantum

August 13, 2026
digital globe surrounded by interconnected data streams
Risk & Security

FIs cannot rely solely on legacy systems for cybersecurity

August 12, 2026
Next Post

Crypto ‘Crash’ Is Coming, Expert Says

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account