It’s Only Common Sense: If You’re Not Differentiated, You’re Dead
Alpha Insights, Performance by Design: The Future of PCB Manufacturing in the Midwest
Happy’s Tech Talk #43: Engineering Statistics Training With Free Software
Investing in Digital Innovation
December 30, 2016 | HSBCEstimated reading time: 1 minute
SBC is working with the Hong Kong government to develop the next generation of banking technology at a new digital innovation lab.
The bank and the government-funded Hong Kong Applied Science and Technology Research Institute (ASTRI) have joined together to focus on areas including online banking, cyber security, biometric authentication, big data analytics, artificial intelligence and blockchain technology at the lab in Hong Kong.
HSBC has adopted an artificial intelligence system for reading Chinese characters developed by ASTRI. The system has been trained to recognise millions of different versions of characters, including traditional and modern script, and continuously learns to improve its accuracy. Applying this technology is enabling the bank to reduce the time taken to enter basic customer information such as addresses.
Darryl West, Global Chief Information Officer, HSBC, said: “Banks must continue to embrace new technologies to be able to create the types of banking our customers expect. That is why HSBC is investing and creating partnerships to drive innovation.”
ASTRI was founded in 2000 by the Hong Kong SAR government with a mission to improve the territory’s competitiveness in technology-based industries. Developing technology for the financial sector is seen as crucial to maintaining Hong Kong’s status as a global financial hub.
HSBC works with dozens of technology companies and research institutions around the world to advance its own digital capabilities.
In June this year, for example, HSBC invested in Tradeshift, a leading financial technology company that connects buyers and suppliers around the world. In August a consortium including HSBC announced a proof of concept showing how blockchain technology could be used to improve paper-based processes at the heart of trade. And in October the bank signed a five-year agreement with The Alan Turing Institute, the UK’s newly created national centre for data science, to work with the institute’s scientists using big data analytics to better understand economic trends.
HSBC aims to help the next generation of digital experts by mentoring and investing in start-ups and supporting talented young students. Since 2011, HSBC has sponsored an innovation and technology scholarship together with the Hong Kong government’s Innovation and Technology Commission.
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
LPKF Joins productronica’s 50th Anniversary, Showcasing Laser Technology for Electronics Manufacturing
10/10/2025 | LPKF Laser & ElectronicsLPKF Laser & Electronics invites visitors to productronica 2025 in Munich from November 18 to 21. At booth 305 in hall B2, the company will present its portfolio of modern laser technologies for the electronics industry live – from prototyping systems and high-performance depaneling to laser plastic welding for electronic housings and thin glass processing for advanced packaging.
Marco Pieters Appointed ASML Chief Technology Officer
10/09/2025 | ASMLASML Holding NV (ASML) announced the appointment of Marco Pieters as Executive Vice President and Chief Technology Officer, reporting to President and Chief Executive Officer, Christophe Fouquet.
Advanced Rework Technology Inspires Students at National Manufacturing Day 2025
10/08/2025 | A.R.T. Ltd.Advanced Rework Technology Ltd. (A.R.T.), a leading independent IPC-accredited training provider, joined forces with Jaltek, a UK-based electronics manufacturer with over 35 years’ experience in designing and producing high-quality electronic products, to deliver hands-on workshops for students during National Manufacturing Day 2025.
I-Connect007 Releases Episode 5 of Groundbreaking Ultra HDI Podcast Series
10/10/2025 | I-Connect007In Episode 5 “Via Structures,” host Nolan Johnson welcomes back John Johnson, Director of Quality and Advanced Technology at American Standard Circuits. Together, they explore the designer’s perspective on UHDI’s impact on via structures, diving into the metallurgy, chemistry, mechanical considerations, and stackup reduction that provide greater design flexibility and fewer constraints than ever before.
EDADOC Ushers in a New Era of Robotics Innovation
10/07/2025 | Edy Yu, Editor-in-Chief, ECIOOn Sept. 11, Shanghai Zhiyuan Technology Co., Ltd. (MScape) made a stunning debut at Shanghai’s 2025 Fourth North Bund Cybersecurity Forum and Cyber Intelligence Security Frontier Technology and Equipment Exhibition. The company presented the world’s first Dvorak super heterogeneous architecture and the Zhijing T-series-embodied intelligence (robotics) edge computing power platform. This has been a game-changer in the cybersecurity technology field, filling the gap in the domestic robotics core computing power platform.