HSBC Chooses :Harvey: for Legal AI Platform
HSBC, the world’s largest trade bank, has chosen Harvey as part of the company’s broader commitment to an AI-enabled operating model. Of the decision, HSBC’s Chief Legal Officer Bob Hoyt said “Our core purpose as a legal organisation is to lead our stakeholders through a complex and dynamic legal and regulatory environment. How we get there will be predicated on our ability to be AI-fluent, and to adopt tools that help enable our team to be more effective and efficient while delivering great results. Rolling out Harvey helps us deliver on that vision.”
HSBC’s legal AI adoption benefits its millions of customers in 57+ countries in a few key ways. By automating routine drafting and research tasks and standardizing key playbook-driven processes, customers can expect faster results and improved consistency. Moreover, because Harvey has built security into its platform and delivery model, HSBC customers benefit from innovation with trust. And finally, for the legal team, less time on repetitive tasks means more time to do high level strategic work, which benefits both HSBC customers and the team more broadly.
Of the announcement, Harvey’s Chief Executive Officer Winston Weinberg said “from our very first conversation with Bob and his team, it was clear the HSBC legal organization is on the leading edge of how global organizations in highly regulated industries can adopt AI responsibly. HSBC has a customer-centric mindset and a clear plan to develop workflows and playbooks that allow them to deliver exceptional results and make their legal team a truly AI-forward organization.”
The Harvey rollout at HSBC begins in January with regional kickoffs planned in key global markets, and will include a team-wide initiative to focus on AI fluency and adoption.
