"Shaping The Next Generation of Financial Services Through Collaboration With HSBC Thrive" - Powered by HSBC

 

The discussion is centered on HSBC's collaborative approach to shaping the next generation of financial services through its employee benefits platform, Thrive.

 

Evolution of Employee Banking:

  • Employee banking has shifted from purely financial well-being to encompassing physical and mental well-being.
  • Customer research indicated a high importance of employee benefits for retention and productivity.

Current Trends and Challenges:

  • Only 40% of Singaporeans consider themselves financially literate, with lower numbers among women, highlighting the need for better employee education and benefits.
  • Over 60% of companies plan to revamp their employee value proposition, despite the fragmented benefits market posing administration challenges for SMEs.

HSBC's Approach with Thrive:

  • HSBC collaborates with various in-country teams and external fintech partners to develop bespoke employee solutions.
  • Discusses the benefits of an integrated employee benefits platform, noting the platform’s B2B2C digital nature and its recent launch in Singapore.

 

HSBC reiterates the importance of merging traditional banking strengths with fintech innovations for broader employee benefits.

 

Speakers:

  • Ashmita Acharya, Head of Wealth and Personal Banking, Singapore, HSBC
  • Rudra Basu, Global Head of Employee Banking Solutions, HSBC
  • Sebastian Fallert, Co-founder & Chief Executive Officer, Ben

 

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