HSBC, a British multinational banking and financial services company, has announced a new panel of experts to be added to its Technology Advisory Board, including Chris Larsen, an expert in blockchain technology.
The board was created to provide advice and guidance on HSBC’s digital strategies and to take advantage of tech opportunities in areas such as the blockchain, artificial intelligence, biometrics, and data science. The board aims to focus on the newest trends in the fintech sector, with a strong emphasis on cybersecurity and IT infrastructure. Andy Maguire, Group Chief Operating Officer and Chairman of the Board, said:
“The Technology Advisory Board is key to helping us adopt technology that makes HSBC simpler, better and faster for our 46 million customers and 250,000 colleagues across our global network. 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.”
HSBC recently signed an agreement last year with The Alan Turing Institute, a national institute for data science, headquartered in the UK, to work with scientists all across the country who are using big data analytics to understand economic trends. Alan Turing, one of the earliest cryptanalysts and computer scientists was one of the most influential people in the development of computer science. A partnership with the government-funded Hong Kong Applied Science and Technology Research Institute was also formed to facilitate next generation banking technology in a new lab. HSBC has tech labs all over the globe in countries such as China, India, and the UK.
The board is comprised of the following CEOs, scientists, and entrepreneurs from China, India, Israel, and the US:
Mickey Boodaei, CEO of Transmit Security, cybersecurity expert
Steve Kirsch, CEO of Token, open banking expert
Chris Larsen, Executive Chairman of Ripple, a provider of distributed ledger software for fast cross-border payments.
Megan Quinn, General Partner at Spark Capital, Silicon Valley Venture Capital
Dr Kira Radinsky, Chief Scientist at eBay, machine learning and data science expert
Haoyu Shen, former CEO of JD.com, ecommerce and internet expert
Dr Gurjeet Singh, CEO of Ayasdi, artificial intelligence expert
Dr. Vishal Sikka, CEO of Infosys, artificial intelligence expert