For all of our treasurers out there: HSBC is the first bank in the Middle East to offer daily automated cash concentration — including weekends and holidays — giving corporate clients a leg-up in managing liquidity in real time as they look to manage their working capital more efficiently.

Why should you care? Use it right and it’s a chance to curb your company’s borrowing costs and manage cash a lot more efficiently.

24/7 treasury is the new norm: As the region embraces real-time payments and e-commerce, the old Sunday-to-Thursday (or Monday-to-Friday) treasury model is becoming obsolete. This move will help HSBC’s corporate clients treat liquidity as a ‘round-the-clock asset — and could allow companies to reduce borrowing costs, says our friend Todd Wilcox, deputy chairman and CEO at HSBC Bank Egypt.

Fast fact: Our region is the fastest-growing real-time payments network globally, according to World Economic Forum data, with the market expected to hit USD 2.6 bn by 2027 — up from USD 675 mn in 2022.

How it works: The solution consolidates positive and negative balances across all of a company’s HSBC bank accounts into a single account, allowing treasurers to “optimize liquidity and reduce borrowing costs” as they manage digital payments and real-time treasury operations, the bank said in a statement (pdf).

Egypt and the UAE are HSBC’s first global markets to get the solution, which will roll out to other territories in the future.

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