← Embedded Finance Index 2026/Vendor

HSBC

Provider
PSPFX / PayoutsOpen BankingBaaSLendingSponsor BankCard Issuing

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 6 companies across 7 categories.

hsbc.com ↗Also analysed as a company — its own stack →
CategoriesPSP, FX / Payouts, Open Banking, BaaS, Lending, Sponsor Bank, Card Issuing
Rank#171 of 322 in BaaS
Buyers6 companies
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In the press
embeddedfinancereview.com ↗
Coverage of HSBC sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
◇ article2026-02-03
Shares eyes Treezor, HSBC adds accounting
Shares in exclusive talks to acquire Treezor from Société Générale. HSBC launches embedded accounting with Sage. Plus: Mastercard's new BIN Sponsor programme.
Source · Embedded Finance Review ↗
◇ article2024-11-29
OVO Energy partners with HSBC for a solar panel financing solution
OVO Energy partners with HSBC to launch Flexipay for solar panel financing. Does traditional bank branding outperform innovative embedded finance providers in point-of-sale lending?
Source · Embedded Finance Review ↗
◇ article2024-10-07
HSBC launches embedded finance joint venture & UK investment-as-a-service provider expands to the EU
The British bank shares more details about its new joint venture with Tradeshift; in the newest podcast episode, we speak about the key ingredients for a successful embedded finance product and WealthKernel becomes the first investment-as-a-service provider with licences in the UK and EU.
Source · Embedded Finance Review ↗
◇ article2024-10-07
HSBC launches embedded finance joint ventures with Tradeshift
HSBC and Tradeshift launch Semfi joint venture combining banking capabilities with AP automation. Why the 75-25 equity split signals banks' embedded finance B2B strategy.
Source · Embedded Finance Review ↗
Who uses HSBC
6 companies disclose HSBC in their stack
ConfermaPhilipsZA BankDelivery HeroTradeshiftSemfi
Buyer mix · 6 of 6 classified
Bank / National · 1Horizontal SaaS / Procure-to-Pay · 1Infrastructure / BaaS · 1Infrastructure / Payments · 1Marketplace / Food delivery · 1Vertical SaaS / Healthcare · 1
UK · 2EU · 2APAC · 1US · 1
What the disclosures say
Conferma
“Conferma's partners page (https://www.conferma.com/partners/) names nine card issuers under "Connecting you with the banks and issuers you trust": US Bank, Brex, ConnexPay, Pax2Pay, JP Morgan, Natwest & RBS, SEB, AirPlus and HSBC.”
View source · conferma.com ↗
Philips
“Treasury Today article (Feb 2025) and CTMfile story describe Philips partnering with HSBC to implement a cross-currency netting solution across nine entities in mainland China, covering 4,000+ intragroup cross-border transactions across seven currencies annually.”
ZA Bank
“ZA Bank participates in HKMA's Open Banking framework as a data consumer (initially with HSBC as data provider).”
Delivery Hero
“HSBC Developer Portal: 'Delivery Hero, on-demand Payments... allowing them [Foodpanda riders] to receive earnings on-demand via the Foodpanda mobile application' — integrated via HSBC's Payment Initiation API in Singapore.”
Tradeshift
“Tradeshift product page states 'Backed by HSBC...”
Semfi
“SemFi embeds HSBC payment, trade and financing solutions across e-commerce and marketplace venues including Tradeshift's network (FintechFutures, PYMNTS).”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent HSBC? Claim this profile above to unlock your own full list.
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Alternatives to HSBC

Other BaaS providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Evolve Bank & Trust70 buyers →Sutton Bank63 buyers →Cross River54 buyers →Pathward48 buyers →Unit41 buyers →ClearBank38 buyers →Thread Bank32 buyers →Backbase30 buyers →
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Ranked #171 of 322 in BaaS — Embedded Finance Index 2026
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