Lender to expand fintech moves
StanChart plans to use innovation hub in Shanghai for delivering the next generation of financial products Standard Chartered Bank Plc is planning to deepen its financial technology footprint in China by bringing its dedicated innovation hub to Shanghai. The eXellerator lab, an in-house program powered by the United Kingdom-based bank’s innovation, fintech investment and ventures […]
SC China CEO, Jerry Zhang, on how innovation labs play a crucial role in redefining the future of banking
Inside Standard Chartered’s eXellerator
Bank accelerators typically tap the startup world for their next ideas, but not Standard Chartered. Fiona McFarlane sits down with man in charge Dominic Maffei, SC Ventures Lead for Financial Markets and UK/EU, at the bank’s London offices to hear how this specially created business unit manages to successfully strongest innovation from its very own staff. I […]
Rewiring banking relationships
When it comes to reinventing banking, digital investment is almost a sideshow Banks have been locked in a digital arms race for many years, investing in tens of billions in their digital capabilities. So why hasn’t the dollar deluge managed to reshape how people and companies engage with financial services, the way it has in […]
We’ve launched our eXellerator innovation lab in China
Shanghai – Standard Chartered Bank announced the launch of the eXellerator innovation lab in China, that brings together employees, corporate clients and fintechs to develop innovative solutions that meet the evolving banking needs of clients. Located in Shanghai, the eXellerator in China builds on the Bank’s global network of innovation labs across Singapore, Hong Kong, London, Kenya […]
Standard Chartered is building a team to ‘rewire’ the DNA in banking. You could be part of it.
Until recently, fintechs were perceived as one of the biggest threats to banking. Now they are forging a shared future with incumbent banks to build the future of the financial system. In fact, the best ideas are believed to come from combining the respective strengths of banks and fintechs, with clients emerging as the ultimate […]
Fintech SOCASH raises US$6m to expand to Indonesia, Malaysia, Hong Kong
FINTECH startup soCash is gearing up to grow its Asian distribution network after raising US$6 million in Series B funding, it announced on Monday. The funding round was led by Japan’s Glory Ltd, and participated by global venture capital fund network Vertex Ventures as well as Standard Chartered Bank’s innovation, investment and ventures arm, SC […]
SC Ventures launches first venture: Solv
How Solv is helping Indian SMEs overcome challenges & maximise opportunities
Standard Chartered Innovation Fund eyes FinTech investments in the region
The lender is building a venture portfolio focused on digital transformation in finance SC Ventures, a fully owned subsidiary of Standard Chartered, is currently in talks with potential partners to jointly invest about $100 million (Dh367m) each in three financial sector start-ups and is scouring Middle East and Africa for more co-investment options. “We are […]