HSBC-Finastra aim to centralise white labelling
Proponents say connecting via central hub can streamline the often-bespoke process
White labelling has been plagued by a recurring problem since its inception. The process – where a smaller bank agrees to provide a larger bank’s FX liquidity to its clients for a fee – is bespoke, and sorting out the technological arrangements is time-consuming.
But HSBC’s recent partnership with Finastra might finally reduce these difficulties. The two firms aim to bring what they describe as “banking-as-a-service FX trading capabilities” to mid-sized banks in Asia-Pacific from the second
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