HSBC addresses current and future banking challenges using Open Bank Project


The global financial group HSBC provides financial services to more than 37 million customers in 67 countries and territories across Europe, Asia, North America, Latin America, and Middle East and North Africa. HSBC required new models to support engagement with developers, as part of the group’s effort towards achieving Smart Banking. HSBC relied on the Open Bank Project sandbox to build a culture of collaboration across the bank and between the bank and third party developers.


Openlab is a community, using a series of events and a set of open resources that connect financial services’ ecosystems with developers, designers and innovative product creators to solve current and future banking challenges

How TESOBE Helped

With the objective of rapid prototyping aligned to business needs, HSBC chose to create a hackathon to test the full delivery of an open banking sandbox at HSBC in Hong Kong. The company selected TESOBE to provide a complete sandbox dataset along with over 200 banking API endpoints, to explore innovative new digital customer solutions for retail banking. To support the participants, the fintech hackathon was accompanied by mentorship, tech talks and workshops.


A weekend-long event, the hackathon brought together developers, UX designers and business innovators to investigate new ideas using Open Banking APIs. Of the 10 participating teams, some focused on corporate use cases, such as a predictive system for cash flow forecasting, while others offered solutions for consumers including monitoring the progress of spending and convenient access to micro-loans based on monthly spending.


Rapid Prototyping is key to validating new products with customers and the business. The openlab, built on the Open Bank Project sandbox will help us accelerate toward the bank of the future.

Peter Dingle

Peter Dingle

Dingle, HD Business Model innovation



We were thrilled to provide an OBP sandbox to HSBC and to support them during their hackathon in Hong Kong. The timing was fortuitous since several Chinese software engineers have recently joined our team, and they were delighted to support on-site. We are looking forward to the sandbox being used for other regions and events – the community and technology is ready to support in creating great Fintech everywhere.

Simon Redfern

Simon Redfern

CEO of TESOBE and Founder of the Open Bank Project



For more information on Open Finance workshops and knowledge sessions, talk to us at: | @OpenBankProject |

+49 (0)30 8145 3994

About TESOBE and the Open Bank Project

TESOBE GmbH is an independent company founded in Germany that assists banks in executing effective API strategies. The Open Bank Project started life in 2010 with the vision of enabling all banks to benefit from open innovation, open APIs, and wider access to fintech startups. It quickly scaled into the leading open-source API solution for financial institutions, spanning over 500 banking-specific APIs supported by 11,000 fintech developers worldwide with over 100 global banking customers.

About HSBC

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group, which serves customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. The Group serves customers worldwide in 67 countries and territories in various geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,558bn at 31 December 2018, HSBC is one of the world’s largest banking and financial services organisations.