HSBC has inaugurated a pilot program with Harvey AI to integrate artificial intelligence (AI) into its Global Legal function, marking a significant strategic partnership. This initiative is part of HSBC’s broader strategy to enhance internal efficiency, accelerate execution, and better support business teams and clients. Harvey AI offers a specialized platform for in-house legal teams, enabling rapid responses to business demands while adhering to enterprise-grade security and regulatory standards. HSBC Group Chief Legal Officer Bob Hoyt emphasized that this move is not merely about adopting new technology; it’s about transforming the operational model of in-house legal functions. He highlighted the potential for lawyers to focus more on high-value strategic work. Harvey AI’s CEO Winston Weinberg noted that HSBC aims to become an AI-fluent organization, allowing its legal team to adopt a more data-driven, efficient approach to meet business and customer needs. Sign up for the free newsletter to keep up with the latest Fintech Singapore news!
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