Rewiring the
DNA in Banking
SC Ventures is a unique ecosystem of innovators, banking experts and business builders that are leading the future of banking. The diversity of our team fuels a unique approach to innovation and venture building.
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Nothing Ventured Nothing Gained
By Alex Manson, CEO, SC Ventures
SC Ventures started out as an experiment – with the feeling that global banks had lost their fundamental relationship with customers, and that serving client needs in the future would look very different. SC Ventures was the first step by Standard Chartered to build new business models and create emerging ecosystems that would challenge existing ways of doing things, even to the point of disrupting its own business. This book is the story of SC Ventures and how it has grown from an idea to a venture building and investment platform. Hear candid revelations about challenges and lessons learnt over our 7-year journey to transform a great bank into a future-proof institution, as part of the Bank’s compelling purpose — Here for Good.
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Our Story
Being a force for good by championing
innovation in Banking and Financial Services to benefit society at large
- Complex structures, multiple protocols, risk aversion (owing in part to post GFC remediation)
- Resulting in fractured relationship between banking & society
- Facilitating world trade which is more important now than ever, but supply chains are dislocated, and SMEs are individually suffering from lack of access
- Helping emerging markets grow
- Increasing welfare and wellbeing of individuals, serving clients very differently and integrating sustainability in the business model
- Promoting innovation
- Investing in disruptive financial technology
- Creating alternative business models in financial services