Fintech can help banks with stiffer compliance

FOR a match, swipe right.

That used to apply only to online matchmaking apps such as Tinder, but banks can tap this similar method for its clients to network in a new way, as they apply more financial technology (fintech) for a competitive edge.

HSBC has one such example with its latest service known as Connections Hub. It offers Singapore clients here a chance to interact with potential overseas partners who are already part of the international bank's network.

HSBC's business customers in Singapore, Canada, mainland China, Hong Kong, India, Mexico, the UK and the US can now sign up for the new service. The digital platform, said HSBC, allows the bank's customers to make use of HSBC's global network to connect with trusted buyers and sellers around the worl…