Tagged: standard chartered

November 15, 2019 @ 1:24 pm By Omar Faridi  |  

London-based Standard Chartered, a multinational banking and financial services company with $688 billion in assets, has teamed up with Quantexa, a contextual decision intelligence software developer, in order to enhance the bank’s anti-financial crime efforts. Quantexa’s management says the company will support Standard Chartered’s financial… Read More

November 15, 2019 @ 8:30 am By Omar Faridi  |  

Silent Eight, a Singapore-based regulatory technology (Regtech) company, announced on November 14 that it had raised an oversubscribed $6.2 million through a Series A investment round. The funds raised will be used to recruit new talent in order to support Silent Eight’s new clients who… Read More

November 9, 2019 @ 6:10 pm By Omar Faridi  |  

Banking giant Standard Chartered has reportedly joined the Enterprise Ethereum Alliance (EEA), a global standards organization that outlines the specifications for developing large-scale, interoperable blockchain platforms. The EEA is planning to conduct further research and development (R&D) into the latest trends involving distributed ledger technology… Read More

October 18, 2019 @ 7:57 am By Samantha Hurst  |  

Standard Chartered announced on Thursday it is set to offer clients an extensive range of cash management services out of London and Frankfurt covering the UK and Eurozone countries, following investment in a new cash management infrastructure. According Standard Chartered, the infrastructure is currently scheduled… Read More

September 3, 2019 @ 10:58 am By Samantha Hurst  |  

Standard Chartered announced on Tuesday it has formed a strategic agreement with Traydstream to introduce its digital trade document matching services to the Bank’s clients, which is claimed to deliver increased efficiency and transparency to document trade processing and improving the trade finance experience for… Read More

August 7, 2019 @ 8:37 am By Samantha Hurst  |  

Standard Chartered Bank announced on Wednesday it has successfully executed a pilot transaction for PTT Group, PTT International Trading Pte Ltd and IRPC Public Company Limited. Standard Chartered reported that due to the significant cargo value, oil companies are often reliant on Letters of Credit… Read More

August 5, 2019 @ 1:43 pm By Samantha Hurst  |  

Standard Chartered Bank announced on Monday that it and Linklogis have recently completed their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers. According to Standard Chartered, the transaction is included in the ongoing strategic collaboration between the two parties since… Read More

June 22, 2019 @ 3:20 pm By Xu Gao  |  

Online Insurance Platform Wukongbao Secures a New Round of Financing from 58 Group, Plum Ventures and Yeepay On June 20th, online insurance platform Wukongbao announced that it had received a new round of financing. Participants in the investment included 58 Group, Yeepay, and Plum Ventures…. Read More

April 15, 2019 @ 8:16 am By Samantha Hurst  |  

Standard Chartered Bank announced last week it has launched an expanded online gateway and mobile app for corporate clients, to additional markets in Asia to further support its clients’ growing e-commerce and m-commerce aspirations. According to Standard Chartered, the gateway is now available in China,… Read More

April 8, 2019 @ 7:39 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday it has officially opened its Africa eXellerator Innovation Hub in Kenya. According to the digital bank, the innovation hub will serve asa platform to collaborated with fintechs in Kenya, as well as the broader African region to drive innovation… Read More

March 27, 2019 @ 4:07 pm By Samantha Hurst  |  

Standard Chartered Bank Limited, PCCW Limited, HKT Trust and HKT Limited, and Ctrip Financial Management Co., Limited announced on Wednesday the establishment of a strategic joint venture to deliver a new standalone digital retail bank in Hong Kong. According to the organizations, this new joint… Read More

March 18, 2019 @ 10:19 am By Samantha Hurst  |  

Standard Chartered announced on Monday that its venture unit, SC Ventures, has created a market-first platform, called SC Ventures Fintech Bridge, to connect community builders such as start-ups, investors and accelerators to the Bank. According to Standard Chartered, SC Ventures Fintech Bridge connects and matches… Read More

March 14, 2019 @ 8:45 am By Samantha Hurst  |  

Standard Chartered announced on Thursday it is set to launch an open platform for Small and Medium Enterprises (SMEs) in India to provide access to a range of financial and business solutions. Standard Chartered reported that this is one of the disruptive business ventures being… Read More

February 12, 2019 @ 9:27 am By Samantha Hurst  |  

Standard Chartered Bank announced on Tuesday it signed a memorandum of understanding (MOU) with Linklogis to explore opportunities to enhance its supply chain financing proposition and deepen client relationships in China. Standard Chartered reported that it will use Linklogis’ force as a digital blockchain-enabled supply chain… Read More

January 31, 2019 @ 9:04 pm By Samantha Hurst  |  

Standard Chartered Bank announced on Thursday it has rolled out the second wave of its digital-only retail banks across four African markets. Standard Chartered reported it will launch its digital solution in four key markets during the first quarter of 2019 starting in Uganda in January,… Read More

January 30, 2019 @ 3:57 pm By Samantha Hurst  |  

Standard Chartered Bank announced on Wednesday it has agreed on a Consent Order with the New York State Department of Financial Services (DFS). According to Standard Chartered, the Consent Order concerns past control failures and improper conduct in its Foreign Exchange (FX) trading and sales business… Read More

August 29, 2018 @ 12:45 pm By Samantha Hurst  |  

Standard Chartered announced on Wednesday it has joined forces with Siemens Financial Service and TradeIX to create an end-to-end blockchain-based trade finance guarantee platform. According to the trio, this new platform is to transform the traditionally paper-intensive bank guarantees business. The companies claim to be the first blockchain client… Read More

July 10, 2018 @ 9:18 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday as part of its continued efforts to lead the way in the global fight against financial crime, and through its use of regtech, it has partnered with Silent Eight to deliver capabilities to its Financial Crime Compliance (FCC) teams…. Read More

June 25, 2018 @ 3:04 pm By Cali Haan  |  

Ant Financial, a payments leg that services Chinese e-commerce titan Alibaba, is trialing a blockchain-based remittance channel connecting Hong Kong to the Philippines, Coindesk reports. Ant Financial made the announcement today in Hong Kong. According to a roughly-translated press release, the new system will transmit… Read More

June 11, 2018 @ 7:48 am By Samantha Hurst  |  

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More