Morning Beat: HSBC Holdings plc (ADR) (HSBC), Apple Inc. (AAPL), and Facebook Inc (FB)

HSBC Holdings plc (ADR) (NYSE:HSBC) is planning to roll out biometric banking in the UK. The bank is targeting 15 million customers to start with as it looks to rival other banks that have already embraced the technology.

It plans to take telephone banking to another level with the introduction of voice-recognition technology as it seeks to relieve customers of the pressures of annoying security questions. Nuance is to provide support for the Voice ID security feature having already offered similar support to Apple Inc. (NASDAQ:AAPL) and other handset makers.

The technology in question can match up to 100 identifiers in a person’s voice. HSBC Holdings plc (ADR) (NYSE:HSBC) is to open up the Voice id feature to First Direct Bankers in the coming weeks

Apple Pay unveiling in China has not been smooth as expected. A huge rush of people to sign up for the service at once resulted in system errors as Apple Inc. (NASDAQ:AAPL) systems remained strained.

Many people were reportedly unable to sign up for the service on Thursday or link their credit cards according to reports’. The delays could be down to Apple Inc. (NASDAQ:AAPL) underestimating demand in China therefore not preparing adequately.

The only way out of the current mess is the tech giant allocating more servers to handle the load. Even with the issues, local reports indicate that as many as 38 million banks cards have already linked to the payment system.

Apple Inc. (NASDAQ:AAPL) has been given more time to respond to a recent court ruling that requires it to assist officials unlock an iPhone in question. The tech giant has seen a February 23 deadline extended to February 26 according to people familiar with the matter.

It is still unclear whether Apple Inc. (NASDAQ:AAPL) requested the additional time or it is as a result of normal internal court delays. CEO, Tim Cook, has already reiterated their intention to take on the FBI, on the request. Cook says they intend to challenge the request as one of the ways of safeguarding customer’s privacy.

A leaked document indicates Facebook Inc (NASDAQ:FB) is planning to introduce ads to its messaging app, Messenger. According to Techcrunch, businesses will be able to send their customers ads as a message. Businesses will only be able to send ads once a customer starts a message thread with them.

The capability could launch in the second quarter of 2016. Facebook Inc (NASDAQ:FB) has already set the ground running on the endeavor. The giant social network has already unveiled a short link that allows users to start a chart thread with any company. The short link is somehow similar to a customer service chat line.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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