HSBC's new investing feature could arrive in the financial firm's mobile app for iOS and Android devices. But, the exact release date is not yet confirmed.
"Around 389,000 of our customers aged under 35 have sufficient assets to invest but are currently not doing so," said HSBC UK's Head of Wealth Management, James Hewitson, via CNBC's latest report.
He added that 64% of their customers tend to prefer digital transactions. This is why the company wants to enhance its app on iOS and Android smartphones.
On the other hand, HSBC could also rely on the new investing feature so that it can efficiently compete against other financial tech firms, such as FreeTrade and Revolut.
Other Efforts Made by HSBC
Aside from the new investing feature, HSBC is also enhancing its business in other ways.
Times of India reported that the giant bank company plans to issue recycled plastic cards, thanks to its new partnership with IDEMIA. You can visit this link to see more details.
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Written by: Griffin Davis
