UK banks now required to refer SMEs to alt-lenders

The U.K.’s bank referral scheme has officially kicked off. Read more: www.pymnts.com

HSBC launches new R&D lab for FinTech in Hong Kong

The hope is that collaboration between HSBC and ASTRI will develop solutions to real problems that affect the bank and its customers. Read more: www.scmp.com

HSBC Private Bank live with new core banking system

Global giant HSBC has deployed Avaloq's flagship core banking solutions, Avaloq Banking Suite, for its private banking operations. Read more: www.siliconrepublic.com

HSBC hits $100bn mobile payments mark for corporates

There’s glee and a spending spree for HSBC as over $100 billion in mobile payments have been made by its corporate customers. Read more: www.bankingtech.com

Kyriba swipes $23m for treasury management software

Treasury management software firm Kyriba has raised $23m in a Series D round of funding led by Bpifrance’s growth fund Large Ventures. Read more: www.fintechroundup.com

HSBC to launch new mobile P2P payment platform

The bank says the HKMA's fintech initiatives are helping its digital push. Read more: www.scmp.com

Blockchain could be ‘revolutionary’ to this $2tn problem

Blockchain could be "revolutionary" for trade, HSBC has told CNBC, after the bank unveiled a partnership with BOAML to trial the technology. Read more: www.cnbc.com

BofA, HSBC to innovate trade finance through blockchain

Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore (IDA) have teamed up to develop a blockchain prototype for trade finance innovation. Read more: www.bankingtech.com

Global banks, Intel join Israel’s FinTech scene

HSBC, RBS, Italy’s Intesa Sanpaolo and Spain’s Banco Santander have set up a new center to foster the creation of financial technology startups in Israel. Read more: www.timesofisrael.com