What the Indian Business Needs: Go Beyond Banking with HSBC

Managing a remote team isn’t easy. As Prajakta was working to build external ventilation systems for healthcare workers who spend long hours in PPE kits, she found most of her time going into effectively collaborating with her team spread across the country, from manufacturers and distributors to researchers, hospitals, and every single cog in the wheel that helped her provide essential relief to healthcare workers.

Unlike when she first started innovating and developing solutions for the betterment of society, she now had to dedicate herself to creating standalone systems for every essential aspect of running her business, from IT and marketing to accounting, HR, and more.

Prajakta was basically running a one-woman operation in the middle of a pandemic, which made it essential for her to establish all these systems digitally. Naturally, it was draining on both her resources and her health. What’s worse, she felt that she was slowly losing the core of her business.

Something had to give. Could there be an integrated solution that could provide her much-needed relief from unnecessary admin work by bringing all these services in one place?

Well, that’s exactly what we’re building

At HSBC, we see first-hand the challenges our customers face and are driven to provide solutions to serve them better. Finding digital alternatives to the traditional work set-up has become imperative in the world we live in today. Where you could once depend on your workplace server to collaborate in-office or walk down a few doors for quick solutions, we now find ourselves turning to technology to aid us in creating efficient online workspaces.

Perhaps the ones most affected by this sudden shift are people like Prajakta: start-ups and SMEs, who have limited resources and endless potential. That is what led to this first of many collaborations with Google workspaces and AWS, the best of the best for creating virtual work environments.

Consider: One of the biggest problems Prajakta was facing was the pressure to adopt remote systems into her business model. It was only natural that she integrated Google workspace into her processes, as it offered her team an easy way to work together in a virtual set-up. Additionally, Prajakta decided to use AWS services to fulfil technological demands, manage and analyse the huge amounts of data that drives innovation at her start-up, and create a secure environment to host everything. With this, she implemented a system to ensure smooth and secure operations so that she ultimately recovered the cost thanks to the value these services added to her business.

Like Prajakta, many start-up founders and businesspeople who use HSBC services base their models on AWS and collaborate remotely through Google workspaces. That’s why we’ve partnered up with these platforms through our new Beyond Banking initiative, bringing credits and discounts to provide more value to our customers and aid them in their entrepreneurial journeys Beyond Banking capacities.

What about the other problems Prajakta was facing?

Trust us when we say our partnership with AWS and Google workspaces is just the beginning. At HSBC, we are building a future where our clients are able to fully focus on their business without the essential extras taking up most of their time and resources. We envision a complete ecosystem of integrated services intertwined with excellent banking experience that provides superior value to all kinds of entrepreneurs.

In the coming months, we will slowly unfold our plan for what we see as the future of banking: a holistic experience that goes beyond finance. From helping you with setting up and managing the day-to-day operations of your business to providing solutions for scaling up and keeping up with that growth, we are bringing easy access to everything you need all in one place.

We want to alleviate some of your major pain points with our integrations and collaborations. With the HSBC advantage, you have access to trusted and well-respected systems and platforms at a higher value, lower costs, and with a single point of contact.

For more information on how our newest offerings can help make start-up life easier, visit our website. Beyond Banking | Insights (hsbc.co.in)

We’re reimagining the role of financial institutions in the Indian start-up, and we aim to bring you the best solutions any business could require to get their ideas off the ground.

We’d also love to hear from you, the entrepreneur, to understand what services would best suit your needs.

Are you ready to take this journey with us?

This article is co-authored by:

Prakash Jaiswal, a startup enthusiast, Shekhar Lele, the startup concierge, and me - Anuj Kanwar, learning to be a startup sommelier.