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HSBC flips crime-spotting tool to scope new business

By Lawrence White on Sep 30, 2019 12:52PM
HSBC flips crime-spotting tool to scope new business

Squeezing the most out of its client data.

British bank HSBC has converted a financial crime-spotting algorithm it was forced to build in the wake of a money-laundering scandal into one that can scope out new business opportunities, bank executives said. The system combines data on clients' banking activities, with public data on company ...

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By Lawrence White
Sep 30 2019
12:52PM
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