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Customer Overview

HSBC - Opening up a world of opportunity

As one of the world's largest multinational financial institutions, HSBC has been on an incredible innovation journey that has seen the bank harnessing ideas and turning them into impactful projects using Google Cloud technology. From infrastructure migrations to data warehouse projects and developing risk advisory tools, HSBC has utilised a suite of Google Cloud products to deliver transformational results. 

10x

Increased calculation capacity

1800+

Projects

100 Petabytes

Data analysed

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The Solution

Adopting cloud, with new inventions along the way

For HSBC, being a data-led organization is integral to unlocking new insights and value for customers and internal teams. The bank knew moving to the cloud would let them store and process more data, but as a global organisation, they were moving complex systems that also needed to be secure. It required a team effort to create the project scope and strategy up front, in the end, paying off.

Creating new tools for data migration automation

HSBC initiated the first migration in their UK data center as a template, in order to have a tailored process and custom tools that they were confident using going forward. The bank used a three-step migration strategy for their data: first, migrating schema to BigQuery; second, migrating the reporting load to BigQuery, adding metadata tagging and performing reconciliation; and third, moving historical data into BigQuery-compliant scripts. In keeping with their automation mantra, HSBC invented multiple accelerators to speed up migration to meet the timelines set and eliminate human error. 

Fail fast, innovate faster

HSBC's cloud migration now enables them to use an agile, DevOps mindset so that they can fail fast and deliver smaller workloads, with automation built in along the way. This migration also helped HSBC to eliminate technical debt and build a data platform that focuses on innovation, not managing infrastructure. New technology was invented and smarter processes were built so that they can be used as the bank continues to migrate to data centers outside of the UK.

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Technical overview

Embracing the cloud to lower risk exposure

Scenario analysis is the bread-and-butter work for HSBC’s traders and risk-management teams. For a global bank the size of HSBC, these are highly complex, high-volume simulations, generating billions of data points. The existing on-premises hardware solution had limited capacity, causing each scenario to take a member of the risk management team around four hours to run. In collaboration with Google Cloud and utilizing a suite of Google Cloud products including Cloud Storage, Dataflow, and BigQuery, the team developed the groundbreaking Risk Advisory Tool—with transformational results.
Case study
More details

HSBC has launched a new scenario risk-modelling tool on Google Cloud, transforming speed to decision-making for the risk management and trading teams.

Discover how HSBC use Google Cloud solutions to solve their technology challenges

Solution
HSBC becomes the first financial institution to move Corda Enterprise blockchain technology on to Google Cloud

Moving enterprise blockchain technology onto Google Cloud Platform.

Solution
HSBC deploys Dialogflow, easing call burden on policy experts

Utilise AI and Machine Learning to take a fresh approach to operational risk and resilience.

Solution
HSBC delivers new counterparty credit risk (CCR) and derivative valuation adjustment (XVA) engine with in-house built analytics library NOLA 2.0

Driving breakthrough compute capacity and speed with Dataflow running on Google Cloud.