HSBC Launches Embedded Banking Platform Within Oracle NetSuite ERP

On September 28, 2022, HSBC launched an embedded banking platform integrated directly into Oracle NetSuite's cloud ERP system, branded as NetSuite AP Automation. The solution embeds HSBC's Banking-as-a-Service capabilities — including accounts, payments, and automation — into NetSuite, allowing businesses to process invoices, schedule supplier payments, automate reconciliations, and manage cash flows without switching applications. Key features include precise supplier payment scheduling, access to early payment discounts, and the ability to earn credits via HSBC virtual credit cards, effectively turning accounts payable into a revenue generator.

HSBC's Global Commercial Banking CEO described the deployment as the largest fully embedded BaaS integration in a major cloud ERP platform. The launch initially targets the US market as part of NetSuite's broader SuiteBanking initiative. The partnership demonstrates how major global banks are embracing embedded finance strategies to reach commercial clients through the software platforms they already use daily.