Thank you for 4 wins at the Digital CX Awards 2022
Thank you The Digital Banker for the wins! At SC Ventures, we believe that digital disruption goes beyond the digitization of channels. It’s about revamping business models & working in and outside of existing institutions to create new kinds of partnerships and explore new ways of working to serve clients. We are both thrilled and humbled to […]
White Paper: The Metaverse – An Overview
Written by: Simon Figures, SC Ventures San Francisco Email | LinkedIn In Brief The metaverse is best described as a future version of the Internet where people interact socially and professionally in persistent, shared, and immersive virtual worlds. Numerous analysts are predicting a multi-trillion-dollar opportunity with far reaching implications for a broad range of industry […]
StanChart eyes a share of Kenya’s rising e-commerce
Source: https://www.businessdailyafrica.com/bd/corporate/companies/stanchart-eyes-a-share-of-kenyas-rising-e-commerce-3732478 TUESDAY MARCH 01 2022 Standard Chartered Plc is set to enter the local e-commerce business through Solv, a technology firm it first launched in India in December 2020. The multinational’s local subsidiary, Standard Chartered Bank Kenya, is expected to be among the financial partners of the platform which offers small businesses an online marketplace, […]
Silent Eight Raises $40m in Series B Round
Source: https://www.silenteight.com/2022/03/10/silent-eight-raises-40m-in-series-b-round/ AI platform enforces economic sanctions and investigates all other financial crime risks Capital will support technology functions globally, headcount to double by end of 2022 Valuation quadrupled since last funding round in 2020 [Singapore, 10 March 2022] Silent Eight, a pioneer in the field of AI enhanced economic sanctions enforcement and financial crime […]
Standard Chartered and Shenzhen Angel FoF announce strategic partnership to jointly support FinTech enterprise and promote innovation in GBA
24 February 2022, Shanghai – Standard Chartered Bank (China) Limited today announced that it became the first international bank to have signed a strategic partnership agreement with Shenzhen Angel FoF Management Co., Ltd. (“Shenzhen Angel FoF”) to jointly support the development of FinTech companies, especially the small and medium-sized enterprises, in the Guangdong-Hong Kong-Macao Greater […]
The Business Secrets Held in India’s Nutella Jars
Small retailers in India have always been neglected by banks. Standard Chartered is taking a granular approach to helping them get credit. A case of Dove bars, a couple of dozen Lay’s packets, six jars of Nutella. To the owner of a tiny mom-and-pop store, these may just be the humdrum weekly sales figures for soap, chips and bread spread. […]
NFTs are becoming more popular as a means of proving digital asset ownership and authenticity
by Harald Eltvedt, SC Ventures Web 3.0 protocols have spawned a plethora of new applications in the fields of decentralized finance (DeFi) and digital asset tokenization on blockchain. Non-fungible tokens (NFTs) are becoming more popular as a means of proving digital asset ownership and authenticity. While NFTs are a huge opportunity for creators of all […]
SC Ventures launches TASConnect, a digital, bank agnostic supply chain finance platform
A secure and converging supply chain finance platform that empowers organisations to realise more value from their ecosystems 15 February 2022, Singapore – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, announced the launch of Trade and Supply Chain Connect (TASConnect), a bank agnostic supply chain finance platform that unlocks significant value for […]
Olea, Refinitiv and Seabridge TFX join forces to tackle trade finance gap
Olea, Refinitiv and Seabridge TFX have entered into a Memorandum of Understanding (MOU) to transform trade finance by offering a range of short-term trade finance solutions for suppliers dealing with large buyers. Many suppliers may have limited access to trade finance which could potentially constrain their growth. They may also want a diversified portfolio on their funding sources. A recent […]
Thought Machine raises $200m in Series C funding to bring world’s banks to the cloud
source: https://thoughtmachine.net/newsroom/thought-machine-raises-200m-in-series-c-funding-to-bring-worlds-banks-to-the-cloud Thought Machine raises $200m in Series C funding to bring world’s banks to the cloud New investors JPMorgan Chase Strategic Investments, Standard Chartered Ventures and ING Ventures join cap table and client list Nyca Partners leads Series C round raising Thought Machine’s valuation to more than $1bn New institutional investors include ING Ventures, JPMorgan Chase […]