HSBC Malta in­tro­duces new ser­vice for small busi­nesses

The Malta Business Weekly - - FRONT PAGE -

HSBC Bank Malta has launched a new ser­vice de­signed for small busi­nesses, pro­vid­ing com­mu­nity bank­ing ser­vices via the bank’s net­work of branches in Malta’s towns and vil­lages, in ad­di­tion to the lat­est dig­i­tal so­lu­tions.

The ser­vice, called HSBC Fu­sion, brings to­gether busi­ness bank­ing and per­sonal bank­ing in one sim­ple so­lu­tion, mak­ing it eas­ier for busi­ness own­ers to man­age all their fi­nan­cial needs.

In Malta, 97% of com­pa­nies are small busi­nesses, which pro­vide em­ploy­ment to 34% of the work­force and con­trib­ute 25% of the coun­try’s gross do­mes­tic prod­uct. Re­search shows that the ma­jor­ity of these cus­tomers pre­fer a bank­ing so­lu­tion that is straight­for­ward to ac­cess and en­ables them to man­age per­sonal and busi­ness re­quire­ments to­gether.

HSBC Fu­sion has been de­signed for busi­ness own­ers with an an­nual turnover of up to €1m and bor­row­ing needs up to €100,000. Malta is the first coun­try to launch HSBC Fu­sion, a new ser­vice pro­vided by HSBC Group. This ser­vice sup­ports the bank’s strat­egy in Malta by in­creas­ing the range of ser­vices of­fered to busi­ness cus­tomers in the lo­cal com­mu­nity.

Cus­tomers who are el­i­gi­ble for HSBC Fu­sion will have ac­cess to a new in­ter­net bank­ing so­lu­tion and mo­bile app that al­lows busi­ness and per­sonal ac­counts to be man­aged through a sin­gle set of log on cre­den­tials. HSBC has also in­tro­duced over 100 trained busi- ness bank­ing pro­fes­sion­als in branches across Malta and Gozo.

HSBC Fu­sion was of­fi­cially launched dur­ing a cus­tomer event held at the HSBC Żab­bar branch, in the pres­ence of Prime Min­is­ter Dr Joseph Mus­cat along­side HSBC Malta’s CEO An­drew Beane and HSBC Global head of Retail Busi­ness Bank­ing Manuel Bal­dasano. At­ten­dees were wel­comed by Żab­bar branch man­ager Joe Car­dona and his col­leagues.

Beane said: “To­day we are plac­ing HSBC’s busi­ness ser­vices back in the heart of the com­mu­nity un­der the lead­er­ship of our fan­tas­tic team of branch man­agers. Our new ser­vice in­cludes an in­no­va­tive range of dig­i­tal so­lu­tions that make it sim­pler, faster and more con­ve­nient for our cus­tomers to man­age their fi­nances. In the com­ing weeks our branch man­agers will be invit­ing lo­cal com­mu­nity lead­ers and busi­ness own­ers to ex­pe­ri­ence the ben­e­fits of HSBC Fu­sion for them­selves.”

Bal­dasano added: “Over half of the world’s econ­omy is now driven by small com­pa­nies, but they are of­ten treated like smaller ver­sions of big busi­nesses. HSBC Fu­sion helps small busi­ness own­ers see a full view of their fi­nances, busi­ness and per­sonal, and puts in­for­ma­tion and in­sights at their fin­ger­tips so they can man­age on-the-go. We’re ex­cited about the op­por­tu­nity we have through HSBC Fu­sion to sup­port some ex­tra­or­di­nary busi­ness own­ers and the com­mu­ni­ties in which they op­er­ate.” More in­for­ma­tion about HSBC Fu­sion can be found by vis­it­ing any HSBC branch and speak­ing to our trained spe­cial­ists, via the ded­i­cated num­ber 2380 2389 or by vis­it­ing hsbc.com.mt/fu­sion

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