The failed Zing initiative represents a cautionary tale about why some traditional banks struggle to innovate successfully ...

HSBC has decided to shut down its international payments app Zing a year after its launch, reported Reuters, citing undisclosed sources. The move is projected to result in about 400 redundancies as ...

The money transfer app, launched with initial plans to compete in the U.K. with fintechs like Wise and Remitly, will be ...

HSBC to shut down its international money app, Zing, just a year after it launched in the UK. Zing, which aimed to simplify international banking.

Zing, which was set up by James Allan, HSBC's head of foreign exchange and international payments, had an accompanying debit ...

HSBC’s (HSBC) international payment app Zing, launched in 2024, is about to close down, according to the Financial News’ Lars Mucklejohn. “HSBC is preparing to inform employees that it has ...

Zing’s failure underscores a broader issue ... able to bypass some of these barriers by being more agile, banks like HSBC are encumbered by complex, global compliance requirements.

Just 12 months after its launch, HSBC announced the closure of international payments app Zing in January 2025. FStech news ...

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HSBC closed its Zing app just a year after its launch, as traditional banks battle to keep up with the innovation and flexibility of fintech startups. Major universal bank HSBC has recently announced ...

Zing championed by Nuno Matos-the next ANZ CEO Exactly 12 months after launch, HSBC has pulled the plug on Zing. In the process, HSBC has burnt through an estimated $150m in its failed attempt to ...