NetSuite launches Suite Banking with HSBC partnership

NetSuite announced Banking-as-a-Service alliance with HSBC on October 19, 2021.

Primary

NetSuite

Counterparty

HSBC

Structure

Banking-as-a-Service alliance

Date

October 19, 2021

Sub-sector

B2B Payments

NetSuite embeds HSBC's banking APIs to offer native financial services (AP/AR automation, payments, working capital) to mid-market ERP customers.

Primary company

NetSuite

Counterparty

HSBC

Amount

Not disclosed

Event date

October 19, 2021

Sub-sector

B2B Payments

HQ

Not disclosed

Structure

Banking-as-a-Service alliance

Source published

October 19, 2021

Publisher

diginomica

Source: diginomica.com