Globality has announced that it has entered into an agreement with HSBC, which will see the bank adopting its AI-based platform for sourcing and procurement of services.

With Globality’s AI-based Platform, HSBC users will be able to scope projects in hours rather than days, and intelligently match their unique requirements to the best suppliers around the world.

The platform provides companies with a secure and digital way to fully scope projects, engage qualified suppliers, assure pricing and quality competition, effectively evaluate proposals, and make informed sourcing decisions. In addition, Globality says that using the platform significantly accelerates the entire procurement process, enabling far faster speed to market.