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 […]
SC Ventures launches letsbloom to enable organisations in regulated industries to build, run, and deploy in the cloud
source: sc.com Singapore – SC Ventures, Standard Chartered Bank’s innovation, fintech investment and ventures arm, announced the launch of letsbloom, a fintech that will give clients operating in regulated industries (such as financial services, healthcare and government) the ability to securely build, deploy, and run business applications on the cloud quickly and cost efficiently. letsbloom has […]
We’ve launched Shoal to empower UK savers to fight climate change
source: sc.com London – Today SC Ventures, the innovation arm of Standard Chartered Bank announced the launch of Shoal, a new digital platform powered by Starling Banking Services that will give UK savers the power to help fund the fight against climate change. Launching in 2022, Shoal will invest exclusively in green and sustainable projects, and […]
Zai – merger creates a new force in financial services
New brand launches forecasting processing volume growth of over 60% in 2021 as merger of Assembly Payments and CurrencyFair receives regulatory approval. Source: hellozai.com DUBLIN — 04 November 2021 — The merger of Assembly Payments, whose platform automates complex payment workflows, and CurrencyFair, a global cross-border payments platform, has received regulatory approval and is now […]
We’ll be at Singapore FinTech Festival 2021!
As a corporate sponsor of #SFF2021, Standard Chartered will be hosting an entire week of virtual events at this year’s Singapore FinTech Festival on 8 – 12 November, to showcase existing and potential partnerships around themes such as #DecentralizedFinance, #Web3.0, #EmbeddedFinance and more! These sessions will be streamed on our co-exhibitor site on the Singapore FinTech Festival platform […]
We’ll be at this year’s Hong Kong FinTech Week on 3 – 5 Nov!
Join us online or visit our physical booth to learn how we’re #RewiringtheDNAinBanking though fintech partnerships, intrapreneurship and our ventures & JVs. Hear from Bill Winters, Gautam Jain, Letitia Chau from Olea, our fully-digitised trade finance origination and distribution platform; Jesper Bruun-Olsen from our portfolio company OpenFin, Aaron Gwak from Liberty, our bond tokenization solution for retail investors, and Kelvin Tan, Mathias Faure and Sachin Rajat Sharma from SC nexus, […]
Zodia Custody and DMG Blockchain Solutions successfully test Blockseer’s “Petra” platform
October 20, 2021 08:00 ET | Source: DMG Blockchain Solutions Inc. VANCOUVER, British Columbia, Oct. 20, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a publicly traded, vertically integrated blockchain and cryptocurrency technology company, announces multiple successful transactions with Zodia Custody (www.zodia.io), a crypto asset custodian incubated […]
Autumn partners with dacadoo to help customers make healthier lifestyle choices to reduce their financial burdens in the future
20 October 2021, Singapore/Zurich, Switzerland – Autumn, a first-of-its-kind wealth, health and lifestyle solution platform in Singapore has entered into a partnership with dacadoo, one of the world’s leading healthtech providers to enhance the mental and physical wellbeing of users. As a bank agnostic and open platform incubated in and backed by SC Ventures, the innovation […]
METACO opens Singapore office to meet rising digital asset demand from financial institutions in APAC
OCTOBER 5, 2021 Lausanne, Switzerland – 05 October, 2021 – METACO, the leading provider of security-critical software and infrastructure to the digital asset ecosystem, today announces the launch of its Asia Pacific headquarters in Singapore, with a strong team managed by newly appointed Managing Director APAC, Patrick Enjalbal. With demand accelerating for institutional-grade digital asset custody and trading […]
Meet our intrapreneurs making Banking accessible for the Deaf Community
Banking services are predominantly offered and communicated through spoken language, leaving the Deaf community feeling disempowered as they often have to rely on and disclose personal information to the people around them to help them communicate with Bank staff. This #InternationalWeekoftheDeaf, we celebrate our intrapreneurs, Rajesh Manoharan and Nandhini C, who have been exploring and validating their intrapreneur idea […]
How StanChart’s Liberty met the MAS CBDC challenge
September 23, 2021 Source: https://www.digfingroup.com/liberty-cbdc/ Standard Chartered Bank, in a consortium with its in-house SC Ventures and with a fintech, Shareable Assets, is driving a prototype concept that would use governments’ digital money to fully open bond markets to retail investors. The concept is one of 15 proposals in the finalist list of a global […]
Cryptocurrency: Coming to a bank near you
By Greg Noone 16 Sep 2021 Source: https://techmonitor.ai/technology/banks-and-cryptocurrency-bitcoin-ethereum For Alex Manson, the moment when his employers at Standard Chartered first became interested in crypto is still sharp in his memory. “Peter Sands, who was then our CEO, put a pitch on my desk about a crypto-related company,” says Manson. “He literally threw over this and said, ‘Interesting, […]
FinTech Bridge Live: Sustainability in PropTech
In our recent SC Ventures FinTech Bridge live session, Marion Bernardi and Harald Eltvedt spoke with Ashish Jerry Justin, CEM® CMVP® RCx Pro, Marie Cheong, Virginia Brumby Ferreira and Apurv Suri about trends, regulations and opportunities to drive sustainability and impact in the booming #proptech space. Here are some key takeaways: 💥 Tech advancements, hybrid work arrangements, increasing business focus on achieving #netzero and government regulations are key factors […]