HSBC kills off 'killer app' in boost for Wise, Revolut
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HSBC Holdings PLC is reportedly discontinuing its 'killer app' due to compliance struggles, potentially benefiting competitors like Wise and Revolut.
January 23, 2025 | 9:15 am
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HSBC is reportedly discontinuing its 'killer app' due to compliance issues, which may negatively impact its competitive edge in fintech.
The discontinuation of the app suggests HSBC is facing significant compliance challenges, which could hinder its fintech ambitions and affect its competitive position.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80