CURRENT AFFAIRS

Detailed explanation-1: -HSBC SmartServe is a newly digitised account on-boarding and account management solution. HSBC SmartServe and HSBC IntelliSign are first-of-its-kind digital solutions aimed at ensuring a quick, secure and seamless on-boarding processes for corporate clients.

Detailed explanation-2: -Digital banking started taking shape in India during the late 1990s. ICICI bank was the first one to introduce this service to their retail customers.

Detailed explanation-3: -HSBC branches now rebranded as Citizens The acquisition extends Citizens’ physical presence to several attractive markets and adds more than 800, 000 new customer accounts, accelerating the bank’s national expansion strategy.

Detailed explanation-4: -New York, NY – Citi has been named World’s Best Digital Bank by Global Finance magazine for the 21st consecutive year. The bank was also recognized as Best Corporate/Institutional Digital Bank and received multiple regional and subcategory awards in addition to 135 country awards from Global Finance.

Detailed explanation-5: -The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no.