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.
Explore our financial services solutions
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Technical overview
Embracing the cloud to lower risk exposure
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.
Products used
Discover how HSBC use Google Cloud solutions to solve their technology challenges
HSBC becomes the first financial institution to move Corda Enterprise blockchain technology on to Google Cloud
Moving enterprise blockchain technology onto Google Cloud Platform.
HSBC deploys Dialogflow, easing call burden on policy experts
Utilise AI and Machine Learning to take a fresh approach to operational risk and resilience.
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.
How HSBC is upskilling at scale with Google Cloud
HSBC is getting their teams skilled in the right way as they roll out Google Cloud solutions.
Collateral IT: Optimizing HSBC asset allocation with Google Cloud
HSBC is leveraging AI to tackle a complex business problem.
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