Hong Kong and Shanghai Bank developed a special system called HSBCnet to provide online banking in 60 countries.Using this system,the bank rapidly became a major international bank without developing an extensive new branch network.

Question

Quizplus · Accepted Answer

The statement is true. HSBC developed HSBCnet to provide online banking in multiple countries and expanded its reach without having to build a larger physical branch network.

Hong Kong and Shanghai Bank Developed a Special System Called