HSBC launches online platform MyDeal to raise funds via capital mkts

HSBC has launched a new digital platform to simplify capital raising process through capital markets by providing real-time access to information such as investors' feedback, profiles, client orders and deal pricing.

The platform -- MyDeal, contains all the information relating to a client's capital markets transaction, and is updated on real time basis.

In its pilot phase, MyDeal has raised over USD 25 billion in the first seven months through over 30 transactions globally.

"Raising capital through capital markets can be a nerve-wracking and complex process," Global Head of Corporate and Institutional Digital at HSBC Niall Cameron said, adding that "MyDeal radically simplifies some of the most time-consuming and stressful parts of the process. It gives you real-time access to all aspects of your deal all available in one place".

The platform, which HSBC's bankers can access on a tablet or desktop, uses application programming interface (API) technology to centralise data from multiple channels and presents it using custom-made graphs and visuals, a company release said.

HSBC plans to release the app through the online store for clients to use directly later this year, the release added.