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HSBC rationalises its tech vendor list; goes big on in-house capability

HSBC's investment banking technology department has a total global headcount of around 6,500, supports 7 investment banking units

Shivani Shinde Nadhe  |  Pune 

With technology becoming the core for business growth, global companies are focusing on ramping up in-house capabilities. UK's leading banking and finance firm HSBC have not only ramped up its Indian development centre but has also rationalised its technology vendors. Richard Herbert, CIO, HSBC global banking and markets in an interview with Business Standard said that the bank has rationalised its vendor relationships from hundreds and is now down to 20. "I would say we are 90 per cent in-house company when it comes to technology talent. We do work with a few large IT ...

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