Tagged: standard chartered

Standard Chartered Completes Cross-Border Letter of Credit Blockchain Transaction With Oil Company PTT Group

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

Standard Chartered Completes Joint Transaction on Blockchain Platform With Linklogis

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

China: WeiyangX Fintech Review

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

Standard Chartered Launches Expanded Online Gateway & Mobile App For Corporates

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

Standard Chartered Launches Africa eXellerator Innovation Hub in Kenya

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

Standard Chartered Bank Partners With PCCW, HKT, & Ctrip Finance to Build New Virtual Bank in Hong Kong

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

Standard Chartered Announces launch of Venture Unit’s Fintech Bridge

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

Standard Chartered Launches Digital SME Platform in India

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

Standard Chartered Signs MOU With Linklogis For Supply Chain Financing Opportunities in China

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

Standard Chartered Launches Second Wave of Digital-Only Retail Banks Across Four African Markets

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

Standard Chartered Reaches Settlement With New York State Department of Financial Services Regarding Foreign Exchange Conduct

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

Standard Chartered Joins Forces With Siemens Financial Services & TradeIX to Create End-to-End Blockchain-Based Trade Finance Platform

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

Standard Chartered Announces Partnership With RegTech Firm Silent Eight to Lead Global Fight Against Financial Crime

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

Ant Financial Trialing Blockchain Remittance System: Hong Kong to Philippines

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

Standard Chartered Announces Plans to Apply For Virtual Banking License in Hong Kong

Hong Kong City

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

SuperCharger Fintech Accelerator Raises $14.4 Million, Lands 47 Deals in Most Recent Hong Kong Cohort

SuperCharger FinTech Accelerator, along with their leading partner Standard Chartered, has shared their success of their program. Through the most recent 12-week session, the SuperCharger cohort companies have achieved 47 commercial deals and raised US$ 14.4 million while receiving 17 awards. This year’s program is… Read More

Standard Chartered Opens Innovation Lab in Hong Kong

Standard Chartered announced on Monday it has opened its latest innovation lab, the eXellerator, in Hong Kong. The new lab will be located in the bank’s building in Kwun Tong and is designed and created by WeWork. While sharing more details about the lab, Mary… Read More

Standard Chartered Announces New Fintech Investment Unit

Fintech

On Wednesday, Standard Chartered announced it has established a new business unit, SC Ventures, to lead its digital innovation by investing in fintechs and other start-up companies, along with promoting rapid testing and implementation of new business models. According to Standard Chartered, SC Ventures will be… Read More

SelfKey Public ICO Sells Out in 11 Minutes

This should come as no surprise but SelfKey’s public token sale closed in just 11 minutes.  According to the company, the public portion of the initial coin offering (ICO) hit its cap of $5.94 million in mere minutes. SelfKey’s pre-sale easily raised its cap of… Read More

SelfKey Public Initial Coin Offering Commences on January 14th

Following a successful pre-sale where organizers reportedly raised $15 million, the SelfKey public Initial Coin Offering will start tomorrow (January 14th @ 12 AM UTC). Founded by Edmund Lowell, SelfKey’s tech stack is already in use.  In fact SelfKey may find itself in use with some big… Read More

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