The failed Zing initiative represents a cautionary tale about why some traditional banks struggle to innovate successfully ...

HSBC has decided to shut down its international payments app Zing a year after its launch, reported Reuters, citing undisclosed sources. The move is projected to result in about 400 redundancies as ...

HSBC's decision to shutter international payments app Zing is likely to trigger around 400 job losses, a source familiar with ...

HSBC has announced plans to shut down its international money app, Zing, just a year after it launched in the UK. Zing, which aimed to simplify international banking for UK residents, offered a ...

HSBC’s (HSBC) international payment app Zing, launched in 2024, is about to close down, according to the Financial News’ Lars Mucklejohn. “HSBC is preparing to inform employees that it has ...

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The recent closure of HSBC’s Zing has sparked strong discussion about banks’ ability to compete in the challenging cross-border payments market. Some view it as proof that banks simply can’t keep up.

HSBC closed its Zing app just a year after its launch, as traditional banks battle to keep up with the innovation and flexibility of fintech startups. Major universal bank HSBC has recently announced ...

HSBC is reportedly planning to lay off employees working for its investment bank as the lender continues its wider ...

The UK government is reducing its stake in NatWest, formerly RBS, following its £46bn bailout during the 2008 financial ...

Zing championed by Nuno Matos-the next ANZ CEO Exactly 12 months after launch, HSBC has pulled the plug on Zing. In the process, HSBC has burnt through an estimated $150m in its failed attempt to ...