GlobalData on MSN10d
HSBC’s Zing shutdown a $150m innovation misstep, says GlobalDataThe failed Zing initiative represents a cautionary tale about why some traditional banks struggle to innovate successfully ...
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 ...
Just 12 months after its launch, HSBC announced the closure of international payments app Zing in January 2025. FStech news ...
Startups on MSN13d
HSBC loses its Zing as app can’t match fintech rivalsHSBC closed its Zing app just a year after its launch, as traditional banks battle to keep up with the innovation and ...
Zing, which was set up by James Allan, HSBC's head of foreign exchange and international payments, had an accompanying debit ...
Zing’s failure highlights the pitfalls of chasing Fintech disruptors. It serves as a cautionary tale: traditional banks must ...
Evening Standard on MSN14d
HSBC scraps global money app Zing a year after launchHSBC is shutting down its global payments app Zing a year after launch, putting hundreds of jobs at risk, as the global bank continues to overhaul its structure. The bank’s chief executive has ...
Fintechs like Revolut and Wise are built for scale and are willing to risk short-term profits for long-term growth. Zing’s inability to break even and scale quickly enough points to a major issue— ...
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