HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, recently revealed that its UK division had introduced a fraud awareness app to offer businesses or companies up-to-the-minute or the latest updates on potential scams.
HSBC, which is the second largest banking institution in Europe with total assets of over $2.9 trillion, noted that their app will be sending users notifications on new types of scams and fraudulent activities. HSBC’s free-to-use app comes with advice, suggestions, and recommendations on how to avoid becoming a victim to fraud. It also offers real-life stories or accounts from clients.
Peter McIntyre, Head of Small Business Banking at HSBC UK Commercial Banking, stated:
“We firmly believe that by arming businesses with this latest information and advice they will be better placed to spot frauds and scams before they have parted with any of their hard-earned…