HSBC opens data innovation labs in London and Toronto

HSBC has opened two data and innovation labs, one in London and the other in Toronto. The labs will engage in activities aimed at improving HSBC’s products and services through the use of analytics and robotics. The labs will also cooperate with firms specialized in other important areas such as artificial intelligence. The opening of the new sites is designed to coincide with the launch of the bank’s internship and graduate programs, under which students and young professionals are introduced to careers in data science and engineering. HSBC is considering opening more such labs in Hong Kong and India in the future.