HSBC has launched a pilot with Harvey AI to bring artificial intelligence (AI) into its Global Legal function.
The pilot reflects a new strategic partnership as HSBC broadens its use of AI across the group.
It forms part of the bank’s wider effort to improve internal efficiency, speed up execution, and better support business teams and customers.
Harvey AI provides a legal-focused platform designed for in-house legal teams, enabling them to respond more quickly to business needs while operating within enterprise-grade security controls and regulatory requirements.
HSBC Group Chief Legal Officer Bob Hoyt said,
“This is a significant step forward in how we deliver legal support across HSBC. 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 judgement of our legal professionals.
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 Chief Executive Officer Winston Weinberg said,
“HSBC has a customer-centric mindset and a clear plan to become an AI fluent organisation.
As part of this ambition, the Legal team is moving towards a more AI-enabled operating model that will help them deliver for the business – and by extension their customers – by becoming more data-driven, efficient and effective.”
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
