HSBC partners with GT Nexus on supply chain finance

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HSBC and GT Nexus have formed a partnership to that allows customers to manage both suppliers and supply chain finance programmes through the GT Nexus cloud-based supply chain platform.

The service is currently available to HSBC customers in the US.

Vinay Mendonca, global head of product and propositions, global trade & receivables finance at HSBC said: “We, and a number of our customers, identified GT Nexus as a platform that could help our customers improve their financing and logistics capabilities.

“We are already working with a US-based apparel retailer to simplify their global supply chain management process and supplier financing needs using this platform and aim to build on this success for a wider range of businesses.”

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