SC Ventures Invests in OpenFin
The strategic investment by Standard Chartered unit will help OpenFin meet growing demand for digital workspaces and app stores New York & London, Dec. 9, 2020 — OpenFin, the operating system (OS) of finance, announced today that it secured a strategic investment from SC Ventures, the innovation, fintech investment and ventures arm of international banking […]
We’ve partnered with Northern Trust to launch Zodia, a cryptocurrency custodian for institutional investors
London – SC Ventures, the innovation and ventures unit of Standard Chartered, and Northern Trust, a leading provider of asset servicing, have entered into an agreement to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies. Cryptocurrencies already represent 0.3% of the world’s currency and bank deposits and are forecast to continue growing with a […]
SC Ventures backs SOLV in enabling seamless trade and access to finance for small businesses in post-COVID world
The full-stack B2B e-commerce platform will allow thousands of Indian buyers and sellers to improve supply chain efficiency for sustainable growth India – SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered, today announced the commercial launch of SOLV, a full-stack B2B marketplace for micro, small and medium enterprises (MSMEs) in India. […]
UnionBank, Standard Chartered pioneer blockchain-enabled bond issuance in the Philippines
Union Bank of the Philippines (UnionBank), in partnership with Standard Chartered Bank (SC), successfully completed a proof of concept for the issuance of a retail bond on a digital platform leveraging blockchain technology for bond tokenization. The 3 and 5.25-year dual tranche issuance totalling PHP 9 billion by UnionBank was successfully mirrored on the platform […]
Disruptive digital solutions is rewiring the DNA of Banking
By Kennedy Mubita, Africa Head, SC Ventures. Imagine a bank whose customers can tap on a wearable device to make a payment, regularly receive updates on changes they could make to their investment portfolio through AI-generated insights. A bank that enables its customer to own their data through the application of blockchain technology and share […]
We made a strategic investment in Secret Double Octopus
Standard Chartered backs passwordless tech startup Secret Double Octopus LONDON (Reuters) – Standard Chartered Plc’s venture capital arm SC Ventures has made a strategic investment in Secret Double Octopus, a Tel Aviv-based startup providing authentication technology that removes the need for passwords, the companies said on Thursday. The financial terms of the deal were not […]
Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools
The Travel Rule Protocol (TRP), a working group favored by banks and traditional financial institutions and focused on bringing crypto in line with global anti-money laundering (AML) standards, has released the first version of its application programming interface (API). Announced Thursday, the 25-member TRP working group, which includes Standard Chartered, ING Bank and Fidelity Digital […]
nexus 2nd partnership with Sociolla
nexus has established partnership with beauty and personal care e-commerce platform Sociolla to introduce financial products to their users Jakarta – Standard Chartered Bank announced its partnership with Sociolla through nexus, its “Banking as a Service” solution. In line with the Bank’s vision to enable convenient access to financial services for tech-savvy consumers across its market, […]
Our investment in vArmour, a leading provider of Application Relationship Management
Application Relationship Management Company Expands Global Footprint with Strategic Investment Partner Standard Chartered’s SC Ventures will support vArmour’s continued global expansion vArmour, the leading provider of Application Relationship Management, today announced that SC Ventures, the innovation, fintech investment and ventures unit of international banking group, Standard Chartered, is investing in vArmour as a strategic partner […]
We’ve officially launched a new virtual bank Mox in Hong Kong
Mox is a new virtual bank created by Standard Chartered in partnership with PCCW, HKT and Trip.com, which provides its suite of retail banking services entirely digitally over its app. With Mox, opening an account is fast, secure and free. Within minutes, customers can enjoy a whole new way of smarter banking, saving and spending. […]
Co-CEOs to lead Assembly
Fast-growing fintech Assembly Payments has appointed Tim Dickinson and Rimal Gokani as its new co-CEOs, following the company’s joint venture with global bank Standard Chartered. Dickinson takes on the role after working as Assembly Payments’ General Manager for almost a year, and three years in total scaling Assembly from start-up to growth company. Gokani joins […]
Standard Chartered to Launch Institutional Crypto Custody Solution
Standard Chartered’s venture and innovation arm has been working on a crypto custody offering for the institutional market and the first pilot could launch later this year. Alex Manson, the head of SC Ventures, confirmed to CoinDesk Monday the firm is building what he claimed would become one of the most-secure crypto custody solutions on […]
Standard Chartered and Universities Space Research Association join forces on Quantum Computing
Standard Chartered Bank and Universities Space Research Association (USRA) have signed a Collaborative Research Agreement to partner on quantum computing research and developing quantum computing applications. In finance, the most promising use cases with real-world applications include quantum machine learning models (generating synthetic data and data anonymisation) and discriminative models (building strong classifiers and predictors) […]
We are pleased to partner and invest in METACO, as a leading provider of security-critical digital asset infrastructure
The last 12 months have been a riveting time at METACO. Our company has reached major milestones – forming new exciting partnerships and continued growth in providing infrastructure for financial institutions to securely manage digital assets. The last 12 months have been a riveting time at METACO. Our company has reached major milestones – forming […]
CardsPal’s launch in Singapore & strategic partnership with Mastercard®
press release
Standard Chartered Inaugural Tech Executive Briefing
SC Ventures Americas facilitated the inaugural Tech Executive Briefing with Michael Gorriz, Group Chief Information Officer at Standard Chartered Bank, centred on “Enterprise Machine Learning” on May 21st Nearly 100 members across the T&I Leadership team, CCIB, and other areas of the Bank participated in the interactive presentations led by leaders in the space. Panellists […]
StanChart’s ‘banking as a service’ enables ecosystem players to offer financial services seamlessly
Standard Chartered has unveiled its new banking as a service venture ‘nexus,’ which offers partnership opportunities and allows ecosystem players to enter financial services without having to set up a bank. The banking as a service model opens opportunities for new entrants to provide financial services without having to build it from scratch Standard Chartered’s […]
WFH Chronicles: SC Ventures’ Alex Manson
Singapore’s «circuit breaker» – a curb of all non-essential businesses and activities, and heightened social distancing – has dramatically changed the daily routine for professionals in the financial services sector, many of whom are now working from home (WFH). This series takes a look at how they are coping during the city’s lockdown. Singapore’s fight […]
SOLV supporting India’s SMEs and community during COVID-19
India’s lockdown to stem the spread of COVID-19 has affected many business owners, and disruption in the supply chain had caused a massive shortage. Kiranas (grocery shops), medium to large retailers have had to close their shops. India’s lockdown to stem the spread of COVID-19 has affected many business owners, and disruption in the supply […]
What “nexus” means for StanChart – the strategy behind ‘banking as a service’
What “nexus” means for Standard Chartered