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HSBC Bank Armenia Expands Its It Operations Among Hsbc Banks In The

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  • HSBC Bank Armenia Expands Its It Operations Among Hsbc Banks In The

    HSBC BANK ARMENIA EXPANDS ITS IT OPERATIONS AMONG HSBC BANKS IN THE REGION

    ARKA
    Oct 14, 2009

    YEREVAN, October 14, /ARKA/. In a 2008 September 18 press release
    HSBC Armenia had announced its plans of becoming a regional centre
    for information technology insourcing for CIS countries.

    On October 13, 2009 it announced that effective September 2009
    HSBC Armenia's HUB team (HSBC Universal Banking team) of seven has
    expanded its operations to support Georgia, Kazakhstan and Russia
    HUB departments, and has become the Regional HUB Support Team.

    HUB is the proprietary banking software of the HSBC Group and is a
    common collection of computer programs that supports a wide spectrum
    of banking and investment activity, meeting diverse customer demands
    and helps streamlining of HSBC back office activities. The program is
    currently deployed in 63 countries, processing 764 million transactions
    per annum across 10 million active customer accounts around the world.

    Having superior IT knowledge and skills in the region the Regional
    HUB Support Team based in Armenia will handle number of important
    processes to support HSBC banks in the region.

    Future plans of the Regional HUB Support Team represent expansion
    of the services to Central and Eastern Europe and other European
    countries during 2010 - 2011.

    HSBC Bank Armenia is a subsidiary of HSBC Bank plc. It was registered
    in Armenia on September 25, 1995. HSBC Bank plc holds 70% of HSBC
    Bank Armenia; the rest are held by Diaspora Armenians.

    HSBC Bank Armenia is a member of NASDAQ OMX Armenia.
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