HSBC Has 3000 Staff Working on Innovation

HSBC has moved 3000 members of its staff into a new building and are viewing this digital group differently than their core suit-and-tie employees; the bank believes separating them out will better help to fuel new innovative ideas; HSBC CEO Stuart Gulliver said, “To survive for 150 years we’ve had to evolve. Most of the risk we’ve dealt with is political. Actually what’s happening in the digital space is there is a threat, particularly to retail banking… in payments, in wealth management.”  Source