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

Then $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial.

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

HSBC's decision to shutter international payments app Zing is likely to trigger around 400 job losses, a source familiar with ...

HSBC is shuttering its international payments app Zing, which the bank launched a year ago to challenge fintechs such as Wise, PayPal and Remitly. “Following a strategic review within the HSBC ...

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 was launched in January last year as a platform for people to hold digital currencies and send or spend money in the UK ...

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 ...

The app was launched in January 2024 as HSBC's first foray into the digital banking market, but is now set to close in four ...

Launched in January 2024, Zing was an attempt by HSBC to enter the fintech market, and was positioned as a rival to companies ...