HSBC Forms Strategic AI Partnership to Transform Global Legal Function

By Entrepreneur Staff

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HSBC(Image)

HSBC, one of the world's leading banking and financial services organizations, today announced a strategic partnership with Harvey AI, a pioneering artificial intelligence platform for legal and professional services. This collaboration aims to enhance HSBC's global legal function by integrating advanced AI capabilities to support controls, security, and regulatory compliance.

The pilot program will deploy Harvey AI's platform across HSBC's legal teams worldwide, enabling faster, more efficient workflows while maintaining rigorous adherence to regulatory expectations. This initiative reflects HSBC's commitment to leveraging innovative technology to transform traditional legal operations and deliver greater value to the bank's business units and customers.

"This isn't just about deploying new technology – it's about reimagining how an in-house legal function can operate by combining the speed and efficiency of AI with the expertise and judgment of our legal professionals," said Bob Hoyt, HSBC's Chief Legal Officer. "It is an investment in a future where our lawyers can spend more time on strategic, high-value work to benefit our business colleagues and the customers they serve."

Harvey AI's platform specializes in streamlining workflows in contract analysis, due diligence, compliance, and litigation. The company currently serves more than 1,000 customers across 59 countries, demonstrating strong global adoption of its AI solutions.

This partnership marks a significant step in HSBC's ongoing digital transformation journey, harnessing AI to drive operational excellence and enhance risk management within its legal function.

About HSBC
HSBC is a leading international bank with a network spanning Europe, Asia, the Americas, the Middle East, and Africa. HSBC provides a comprehensive range of banking and financial services to individuals, businesses, and institutions worldwide.

About Harvey AI
Harvey AI is an AI platform designed specifically for legal and professional services, offering solutions that improve workflow efficiency and accuracy across contract review, due diligence, compliance, and litigation management.
Entrepreneur Staff

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