THE FINTECH INTERVIEW
CREDIT: HSBC
Embedded payments extend that advantage by bringing payment initiation and tracking closer to the systems businesses already use. By bringing initiation, approvals and status updates directly into ERP and commerce platforms, it cuts down manual handoffs and strengthens control. The result is clearer cash visibility, fewer exceptions and a treasury function that can scale as business models and operating structures change.
When it comes to tokenised deposits and stablecoins, Tom is careful not to overstate the hype. He says there is real interest, but adoption will depend on whether these tools solve a genuine business problem.
“ We are seeing genuine interest, particularly where solutions address real client needs rather than technology for technology’ s sake,” he says.“ Clients are focused on outcomes such as faster movement.
“ That is why tokenised deposits are gaining traction. They combine those benefits with the trust, governance and regulatory framework of traditional banking. HSBC has already launched tokenised deposit capabilities in multiple markets, including Hong Kong, Singapore, Luxembourg, the UK and the US.”
Tom adds that stablecoins are also part of the broader conversation, but adoption will likely vary by use case, market structure and regulatory environment. Ultimately, the solutions that scale will be the ones that solve real business problems for clients.
32 August 2026