HSBC partners with Google Cloud to grow climate tech ecosystem

HSBC has partnered with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the Google Cloud Ready – Sustainability (GCR-Sustainability) programme.

GCR-Sustainability is a validation programme for companies with solutions available on Google Cloud that help customers achieve goals including carbon emission reduction, increased sustainability in value chains, and processing of ESG data to help identify climate...

Prudential Regulation Authority concerned over banks’ reliance on cloud

Canary Wharf

The Prudential Regulation Authority (PRA), responsible for regulating UK banks, credit unions, and insurers, plans to increase its scrutiny of major cloud computing providers.

Concerns stem from the growing reliance the banking sector has on the Big Three to maintain its systems and the threat an outage or hack could pose.

As a result, the PRA is looking into ways to access more data from Amazon, Microsoft, and Google, particularly in relation to the operation resilience...

HSBC moves Corda enterprise blockchain technology to Google Cloud

HSBC has become the first financial institution to move Corda Enterprise onto Google Cloud, promising reduced client onboarding times and costs.

The bank uses Corda, from R3, for its custody blockchain platform, Digital Vault. The service, launched in November 2019, digitises the transaction records of private placement assets, from equity, to debt, and real estate.

Moving to Google Cloud, HSBC noted, will enable the company to move more of the 'transaction lifecycle'...