HSBC Bank Armenia expands its IT operations among HSBC Banks in the region

Yerevan /Mediamax/. Starting from September 2009 HSBC Armenia’s HUB team (HSBC Universal Banking team) has expanded its operations to support Georgia, Kazakhstan and Russia HUB departments, and became 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 during 2010 - 2011.