HSBC introduces pioneering liquidity solution for Middle East corporates, advancing real-time treasury management
HSBC has unveiled an innovative cash concentration solution designed to help corporate clients navigate the Middle East's accelerating digital transformation. The HSBC Seven-Day Cash Concentration Solution empowers businesses to automate in-country liquidity management every day of the week, including weekends and national holidays.
This marks a first for the Middle Eastern financial services industry. HSBC will initially launch the solution in the UAE and Egypt, with plans to expand across additional markets within the Group's global network later this year. The initiative reinforces HSBC's leadership in cash management solutions across the region.
As digital transformation becomes central to economic diversification strategies across the Middle East, the region has emerged as a global leader in real-time payments and digital business models. According to the World Economic Forum, the Middle East is the fastest-growing real-time payments market worldwide, projected to reach $2.6bn by 2027.
Kyle Boag, Head of Global Payments Solutions, HSBC Middle East, North Africa, and Turkiye, stated: 'Launching an advanced cash management solution in the Middle East enables corporates to capitalize on the region's digital evolution, supporting the development of real-time treasury operations.'
Boag added: 'With real-time payments and e-commerce redefining financial landscapes, corporate treasurers are shifting to a 24/7 liquidity management mindset. HSBC's solution eliminates traditional barriers, extending automated liquidity management beyond the conventional workweek to a seamless, daily operation.'
Todd Wilcox, Deputy Chairperson and CEO, HSBC Bank Egypt, commented: 'This launch represents a milestone for HSBC in the Middle East and aligns with Egypt's broader digitalization strategy. Our solution grants corporate clients continuous, 24/7 liquidity management, transitioning from a five-day model to a more flexible, efficient system. This transformation enhances working capital efficiency and strengthens financial resilience.'
By consolidating positive and negative balances across multiple HSBC accounts into a single account, the solution optimizes liquidity, reduces borrowing costs, and enhances financial agility. HSBC's 'Global Liquidity Solutions' self-service platform further empowers customers to manage liquidity autonomously seven days a week, allowing real-time oversight of sweep execution and inter-company positions.
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