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HSBC appoints cybercrime-focused technology advisory board


HSBC has appointed a new technology advisory board of senior CEOs from around the world who will be focusing on how the bank can benefit from technological innovation, fight against cybercrime, and ultimately leverage its global infrastructure.

The board comprises of Transmit Security CEO Mickey Boodaei in the role of cybersecurity expert, Token CEO Steve Kirsch as open banking expert, Ripple executive chairman Chris Larsen as expert in blockchain, Spark Capital and Silicon Valley Venture Capital general partner Megan Quinn, eBay chief scientist Dr. Kira Radinsky as machine learning and data science expert, former JD.com CEO Haoyu Shen as ecommerce and internet expert, Infosys CEO Dr. Vishal Sikka as artificial intelligence expert, and Ayasdi CEO Dr. Gurjeet Singh as artificial intelligence expert.

Meeting on a quarterly basis, the technology advisory board will provide advice and guidance on HSBC technology and digital strategy relating to IT infrastructure, digital opportunities, cybersecurity and creative technology.

More specifically, the board focuses on the areas of disruption, cyber, and infrastructure. For disruption, the board will explore opportunities resulting from technologically-driven changes in customer behaviour and enterprise design, new trends in financial technology, and product innovations in new technologies.

For cyber, the board will establish best practices in using biometrics for secure access to data and systems, as well as developments in digital identity.

Finally, for infrastructure, the board will provide advice on large-scale technology infrastructure transformation and platforms, insight on maintaining agility, and promoting innovation.

“The Technology Advisory Board is key to helping us adopt technology that makes HSBC simpler, better and faster for our 46m customers and 250,000 colleagues across our global network,” said Andy Maguire, HSBC Group COO and chairman of the technology advisory board. “We have made significant progress in the last couple of years, including more recently becoming the biggest financial services user of biometrics globally, through Touch ID, Voice ID and facial recognition, and through our participation in a first proof of concept of blockchain in trade finance.

“We have also established tech labs in the UK, India and Guangzhou and signed partnerships with leading organizations including the Alan Turing Institute in London and the Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI).”

Previously reported, HSBC introduced a new digital service for business customers which enables them to open new accounts by using a selfie to verify their identity.

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