HSBC is implementing video conferencing and collaboration technology from Cisco for virtual face-to-face meetings across multiple locations.
Cisco says its TelePresence technology makes real-time, face-to-face interactions between remote locations possible using advanced visual and audio collaboration technologies.
The technology delivers life-size, high-definition images and recreates the "the interactivity, spontaneity and nuanced communications experience of an in-person meeting", says the vendor. The suites includes so-called tables for up to six people with cameras and displays, lighting, speakers, microphones and projection capability.
HSBC will initially use the technology to connect staff in six locations - London, Chicago, Hong Kong, Mexico City, New York and Dubai.
Cisco says its technology will save the bank thousands in travel costs. In addition, with every 2000 miles of personal air travel resulting in one tonne of carbon dioxide emitted into the atmosphere, the technology is also environmentally-friendly.
"Our current meeting and collaboration tools provide significant increases in productivity, but are no substitute for in-person meetings," says Ken Harvey, CIO, HSBC. "Cisco Telepresence gives us the experience and benefit of actually being in the room with colleagues on the other side of the world, without having to pack a suitcase."
Last year Wachovia began piloting Cisco TelePresence to connect staff at its headquarters in Charlotte, North Carolina with colleagues at offices in Richmond, Virginia.