The challenge

The company receives loan re-payments in a multitude of international currencies and wants to streamline internal processes by increasing automation of transfers between the incoming loan currency accounts and the company’s own operating accounts.

The company wants to expand operations at scale and needs to automate current manual operations to support the future growth.

The solution

Using HSBC’s Account Balance API the company can automate balance checks across the large number of currency accounts it holds for incoming loan repayments. Where a sufficient credit balance is detected, the automated process can trigger a request to HSBC’s Payment Initiation API to transfer funds internally between accounts.

The increased automation reduces manual operating costs and ensures the company has access to working capital in order to grow their business.

Benefits

• Reduces operating costs with increased automation of manual tasks.
• Provides intra-day access to working capital to fund expansion of the business.
• Provides integration opportunities with HSBC’s FX Rate APIs to manage a Guaranteed Settlement rate on FX conversions.

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