HSBC Bank USA went live with its new digital lending platform with Amount, which allows customers to quickly apply for loans through the Web or a mobile device. 

Customers can apply for loans up to $30,000 and receive responses by the following day. Terms on the loans range from 24 months to five years. 

"We listened to our customers and understand the market intimately," Marcus Meneguzzi, head of cards and unsecured lending, retail banking and wealth management at HSBC USA, said in a company release. "With the launch of this product, we're addressing a significant customer need and tapping into a rapidly growing segment of the consumer lending marketplace."

HSBC and Avant, the parent firm of the Amount platform, originally announced plans for the new lending site in October 2018. Avant has issued more than 750,000 personal loans, car loans and credit cards through the platform working with various banks. 

Cover photo: Courtesy Amount