Solidatus and HSBC Shortlisted for Prestigious Banking Technology Award

Solidatus and HSBC Shortlisted for Prestigious Banking Technology Award

We are thrilled to announce that Solidatus and our customer, HSBC, have been selected as finalists for the Banking Tech Awards by Fintech Future. Our nomination falls under the category of “Best Use of Tech in Business Lending”.

Our joint submission detailed how HSBC leveraged the power of Solidatus’ next-generation version-controlled graph technology to revolutionize their Wholesale Lending business under a multimillion-dollar transformation program that helped them:

• Slash credit decisions from months to minutes
• Reduce fund distribution to customers from months to hours
• Comply with evolving regulations and internal risk management controls

Sid Mubashar, Head of Credit Insights & Intelligence, Wholesale Credit & Lending, HSBC, said: “At HSBC, we serve millions of customers across 63 countries and territories, with over one million customers utilising $3.6 trillion in approved credit limits – resulting in a highly complex data infrastructure. With Solidatus, I can visualize the data model for each business outcome, manage the requirements of key stakeholders and provide greater clarity over the intricacies involved in addressing their requests. This new data-led framework plays a major role in HSBC’s global strategy.”

How HSBC Transformed their Data Capabilities with Solidatus

Within six months of launch, a small business team documented and modeled HSBC’s entire wholesale lending book, demonstrating traceability from source to consumption. The team has now successfully modeled 2,000 source tables with 80,000+ fields, and 20,000+ data linkages across 45 source systems used globally.

By seamlessly ingesting metadata via Solidatus’ connectors, HSBC gained complete lending book transparency with dynamic end-to-end lineage visualization. They can efficiently evaluate change impacts by referencing current, historical, and future data views, substantially reducing manual workload. Additionally, HSBC established a shared data language, eliminating redundant efforts for the bank and its customers, with significant financial benefits.

This self-service, single source of truth is available to hundreds of internal users, visualizing all data requirements across the lending book. In contrast, with the same sized team, given the complexity and scale of the organization, traditional solutions would require an estimated 18-24 months and would not provide the same breadth of transparency and capability.

Philip Dutton, CEO, Solidatus, added: “HSBC understands the complexities of modern banking better than most – and seeing such a small team deliver such a big impact using Solidatus is extremely powerful. Being shortlisted for this prestigious award is a testament to their innovative work and the quality of our technology.”

Read the full case study by following the link below.

Transforming HSBC’s Lending Business with Solidatus

Within six months of launch, a small business team documented and modeled HSBC’s entire wholesale lending book, demonstrating traceability from source to consumption. They now have a highly scalable and automated solution that is being applied to several applications from ESG to liquidity calculations and other regulatory uses.