With the pandemic mostly behind us, CFOs are refocusing on growth. A significant part of this involves future-proofing operations with cutting-edge technologies that enhance efficiency, transparency, and security.
That’s what French multinational company Veolia, a corporate banking client with HSBC Middle East for over 10 years, is doing. With a footprint on five continents and over 178,000 employees, Veolia designs and deploys water, waste, and energy management solutions, contributing to the sustainable development of cities and industries.
In the Middle East, the French group has a foothold in nine countries, supplying 10 million people with potable water, handling 2.5 million tons of industrial waste, and producing 42,500 refrigeration tons for district cooling.
Veolia is the only company in the region working across the whole spectrum of environmental services. Headquartered in Dubai and at the forefront of technology, the group aims to be the benchmark company for ecological transformation worldwide.
Regional connectivity through centralized operations
With such an extensive cross-border presence, Veolia needed a regional treasury connectivity solution that would allow them to centralize operations, increasing efficiency and providing real-time accounting visibility.
After consulting with HSBC, Veolia gave the bank the green light to implement its innovative Treasury Application Programming Interface (API) solution, becoming one of the first global banking names to use APIs in the MENAT Region.