Running a successful business demands your constant energy and focus. Managing financial data across multiple platforms should not slow you down.

To help simplify your operations, we have introduced a new connected banking solution. This feature allows you to securely share your financial data with third-party apps. It helps you run your business smoothly and securely.

We have collaborated with Plaid to make this possible. Plaid is a US-based financial technology company. With your consent, Plaid safely links your bank accounts and syncs transaction details seamlessly.

Plaid brings an established network of over 12,000 financial technology companies. You can create a connection with budgeting apps, expense management platforms, and accounting software.

Read on to discover how this integration can transform your daily operations.

When you connect your HSBC account to your preferred tools, you unlock instant advantages. We have designed this integration to address the core challenges of managing business finances.

Sync your financial data in near real time

You no longer need to log into HSBCnet to manually export data. Transaction information syncs multiple times throughout the day with Plaid. This means your external apps always display the most current financial information. You can make informed decisions based on accurate, up-to-date cash flow data.

Save time for the work that grows your business

Manual data entry drains your valuable resources. This connected banking solution automates the flow of information. It enables you to shift time spent on manually reconciling transaction data. You can redirect that energy toward strategies that actively grow your business.

Eliminate manual errors with automatic syncing

Human error is a natural risk when managing spreadsheets. Automatically syncing transaction data between HSBC, Plaid, and your third-party providers change this. It significantly reduces the risk of importing incorrect data or missing crucial transactions. Your financial records remain accurate and reliable.

Enjoy these business efficiencies at zero extra cost

Upgrading your financial systems often requires a large budget. Traditional host-to-host setups typically include hefty setup fees and monthly maintenance costs. Our connected banking solution is completely free. It provides an economical way for your business to gain major operational efficiencies.

We turn your biggest administration headaches into stress-free solutions

Managing operational efficiency is a common hurdle for growing businesses. We have designed this connected banking solution to tackle these common problems head-on. By automating the data flow, we remove the friction from your daily financial management.

Skip the heavy lifting of complex IT integrations

Connecting your bank to external software used to be a complicated process. It usually requires extensive bank support and expensive IT consultants. Our connected banking solution with Plaid removes these barriers entirely. The technology works seamlessly in the background to keep your systems talking to each other.

Experience a self-service setup that puts you in control

You do not need behind-the-scenes setup support from HSBC to get started. This is a complete self-service solution. Simply review your permissions in HSBCnet to ensure you can share data. Then, go directly to your third-party app to create a secure connection. You remain in total control of your data and your permissions at all times.

HSBC’s connected banking with Plaid helps your company become significantly more efficient. You can cut down on heavy administration time. Most importantly, you get instantaneous access to your accounts and your financial data.

We build these solutions to provide you with long-term success.

Speak to your HSBC relationship advisor today to get started. They can guide you through your HSBCnet permissions and help you unlock the full potential of connected banking.