SC Ventures launches audax Financial Technology to help financial institutions accelerate digital banking capabilities

audax is designed to help banks compete in the digital age, pursue new digital business models, while complementing existing core systems audax is the digital banking platform that powered the first global bank to offer Banking-as-a-Service (BaaS) in Asia The launch follows audax’s successful commercialisation of its BaaS offerings for Standard Chartered with leading Indonesian […]

SC Ventures Sells Incubated Venture CardsPal to utu

Travel-tech firm utu will leverage CardsPal’s hyper-localized rewards tech expertise for rollout in major tax-free shopping markets. Singapore, June 28, 2023 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has completed the sale of CardsPal, a Singapore-based platform offering hyper-localized rewards, to utu, a Singapore-based travel-tech firm transforming customer experiences in tax-free […]

SC Ventures exits stake in Metaco SA

Metaco

SC Ventures was an early investor in Metaco’s vision for institutions to operate digital assets in a safe and compliant ecosystem Singapore, May 25, 2023 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has exited its stake in Metaco SA (Metaco), a Swiss-based tech firm offering critical software infrastructure that enables institutions […]

Standard Chartered-backed Zodia Custody and SBI establish joint venture to set up the first tier 1 crypto asset custodian in Japan

London, UK — 02 February 2023 — – Zodia Custody Limited (“Zodia Custody”), a leading crypto asset servicing provider for institutional investors and a subsidiary of Standard Chartered, and SBI Digital Asset Holdings Co., Ltd. (“SBI DAH”) announce that they have entered into definitive agreements to launch a joint venture in Japan. Subject to anti-trust […]

Digital assets move one step closer to standardised processing in multibank partnership

26 January 2023, Singapore/Frankfurt – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, Landesbank Baden-Württemberg (LBBW) one of the largest banks in Germany, DekaBank and financial software specialist Comyno have entered into a joint venture to create SWIAT, a blockchain platform that enables real time settlement and trading of traditional and digital data, […]

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