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HSBC shakes up leadership of fintech venture less than a year after launch

City Correspondent

The bank's push to grow in the fintech space has faced a number of challenges in recent years

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HSBC has replaced the leader of one of its key financial technology projects less than a year after launch, 

In the latest shake up of the UK bank’s fintech strategy, Vinay Mendonca has left his position as chief executive of SemFi, the joint venture between HSBC and US fintech firm Tradeshift unveiled last October.

Vinay Mendonca departs as chief executive of HSBC’s SemFi business

Lars Mucklejohn

Business

Tech

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