HSBC Bank USA has announced that it will use amount, the end-to-end technology platform online investor Avant, to meet the plagiarizing needs of its consumers. The new digital loaning platform will offer U.S. customers, with existing HSBC Bank’s customers, a simple way to apply for personal loans online according to a press release by Bank’s management.
The United States unsecured personal loan market is growing at 20 percent annually and has exceeded $125 billion in balances, said Pablo Sanchez, Regional Head of Retail Banking and Wealth Management for Hongkong and Shanghai Banking Corporation Bank in the U.S. and Canada.
Every year millions of customers take out a loan to pay for surprising expenses, combine debt or for needed home improvements, among other things.
By calculating personal loans to our increasing product suite, we’re meeting the needs of today’s customers who want a safe, fast and easy way to borrow money online.” HSBC’s new online loaning platform will be available to customers in the first half of 2019.
The launch of HSBC Bank’s personal loaning product follows last year’s debut of its new online credit card onboarding platform, as well as a refreshed set of credit card offerings.