We’ve launched HSBC Innovation Banking
We’re combining the expertise of the former Silicon Valley Bank UK (SVB UK) with our international strength to enable businesses focused on innovation to compete globally.
HSBC Innovation Banking is our new global, specialised banking proposition for businesses in cutting-edge sectors, such as tech and life sciences, and their investors.
Sometimes, high-growth start-ups need a helping hand to capture global opportunities and our new proposition will enable them to navigate the challenges of growing across borders.
What’s being said
UK Prime Minister Rishi Sunak said: “The UK is home to world-leading tech and life sciences sectors. HSBC Innovation Banking will help innovative businesses to unlock their potential, create more jobs and access new global opportunities – supporting my priority to grow the UK economy and cement our position as a science and tech superpower.”
Our Group Chief Executive Noel Quinn added: “HSBC now has a world-class team focused on innovation companies, their founders and their investors.
“We will protect this specialism and take it to the next level by combining these capabilities with our financial strength and global reach. Our new innovation teams will be there to support our clients’ international growth at every step.”
What we’re doing
HSBC Innovation Banking creates a unique network of specialist expertise and capabilities, under one distinct brand.
It combines the innovation expertise and bespoke financial services of SVB UK, which is now known as HSBC Innovation Bank Ltd, with newly assembled HSBC innovation teams in the US, Israel and Hong Kong to support clients’ global growth goals.
We’ll support a range of businesses from early-stage growth ones to late-stage public and private corporates, and connect them with our global capabilities, including investment banking, private banking and asset management services.
London launch
The launch of HSBC Innovation Banking took place at London Tech Week, where our senior leaders met innovation economy leaders and founders to emphasise the importance of the tech and life sciences sectors to the global economy.
HSBC Innovation Banking launch: Customer reactions
Duration: 00:01:44
Speakers:
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Noel Quinn
Former Group Chief Executive, HSBC
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Ian Stuart
CEO, HSBC UK
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Erin Platts
Former CEO, HSBC Innovation Banking, UK
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The Rt Hon Rishi Sunak
Former Prime Minister
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Euan Blair
Co-Founder and CEO, Multiverse
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Abakar Saidov
Founder and CEO, Beamery
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Dan Vahdat
Founder and CEO
Huma
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Antonia Whitecourt
Head of Finance, Seedcamp
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Nabeel Vilcassim
Chief Financial Officer, ComplyAdvantage
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The Rt Hon Rishi Sunak
Prime Minister
[Rishi]
Today I’m proud to announce the launch of HSBC Innovation Banking.
The most significant global tech bank combined with HSBC’s firepower and headquartered here in the UK.
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Erin Platts
CEO, HSBC Innovation Banking
UK
[Erin]
Our proposition combines a unique focus on innovation businesses, bespoke client servicing, bespoke products with the financial strength, stability and global reach of HSBC.
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Euan Blair
Co-Founder and CEO
Multiverse
[Euan]
As a rapidly growing business, you’re looking for partners that are agile, flexible, can meet you where you are.
But also are secure and stable and offer all the things you want a really great bank to offer.
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Abakar Saidov
Founder and CEO
Beamery
[Abakar]
True understanding of what it takes to innovate, true understanding of what speed looks like, while also being able to understand what growth and scale of a true business looks like.
That, I think is an amazing proposition.
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Dan Vahdat
Founder and CEO, Huma
[Dan]
The combination of SVB and HSBC I think is one of the greatest things for the UK’s start-ups and also the ecosystem.
It’s going to impact start-ups in Europe, but also globally.
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Antonia Whitecourt
Head of Finance
Seedcamp
[Antonia]
Many of the investors in our industry, many of our founders, have got HSBC Innovation Banking as a preferred banking provider.
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Nabeel Vilcassim
Chief Financial Officer
ComplyAdvantage
[Nabeel]
We’ve got clients in 75 different countries as we open up more presence globally.
Being able to rely on a partner to help unlock things in certain geographies will be immensely important.
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Ian Stuart
CEO
HSBC UK
[Ian]
When we bring everything together, we can take businesses from seed funding to IPO.
We can do everything for customers.
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Noel Quinn
Group Chief Executive
HSBC
[Noel]
With HSBC Innovation Banking, we’re banking the entrepreneurs that will create the future.
That couldn’t be more exciting.
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HSBC Innovation Banking
© HSBC Group 2026
HSBC Innovation Banking UK has more than 650 employees, including teams that cover Denmark and Sweden.
In the US, an innovation team of more than 40 has been assembled across the Bay Area, Boston and New York City, and we’re continuing to recruit new bankers in Tel Aviv and Hong Kong.
The launch of HSBC Innovation Banking comes three months after our UK bank bought SVB UK for £1 when US regulators shut down parent company Silicon Valley Bank, which specialised in lending to technology companies.