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How HSBC is preparing for open banking

Scott Carey | Oct. 25, 2017
HSBC was the first to publish an open banking API last month, and it has already built a new mobile banking app.

The bank already uses Google Cloud for big data analytics and machine learning, Oracle Cloud for ERP and financials, Microsoft Azure for things like Dynamics 365 CRM; and Amazon Web Services to develop and run certain applications. "We see a role to play for each of the major cloud providers," Knott adds.

The bank uses MuleSoft for API management, on-premise for now.  "MuleSoft runs in two modes, on-premise and cloud and ours right now is an on-premise deployment," he says. Why did HSBC pick MuleSoft?

"They are offering good API management facilities across both both deployment models because we knew we would start on-premise and move to cloud over time," Knott explains.

 

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