Tag "Standard Chartered"
StanChart Inches Closer to Singaporean Digibank After New Classification by MAS
Standard Chartered Bank (Singapore) Limited (SCBSL) has been awarded enhanced Significantly Rooted Foreign Bank (SRFB) privileges by the Monetary Authority of Singapore (MAS), indicating that it is making moves for a second digital-only bank after its launch of Mox. The
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Standard Chartered Selects AWS’ Cloud Services in 60 Markets
Standard Chartered Bank has signed on Amazon Web Services (AWS) for a five-year agreement to run its banking systems and customer-facing applications on the latter’s cloud infrastructure. The partnership deepens the existing relationship between the two companies to deliver new
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Experian and Standard Chartered to Bolster Credit Decisioning With Machine Learning
Experian, a consumer financial data service provider, has partnered with Standard Chartered to drive financial access across key markets in Asia, Africa and the Middle East by leveraging the “latest technology innovation” in credit decisioning. Without enough credit bureau data
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Standard Chartered Enlists Moneythor for Its New Data-Driven Money Management Tool
Standard Chartered Bank in Singapore has partnered Moneythor, a digital banking software provider, to launch its new data-driven SC Money Manager tool. SC Money Manager aims to help customers better manage their finances by providing a suite of personalised features
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DBS and SC Led Industry Workgroup to Develop Blockchain-Powered Trade Finance Registry
DBS and Standard Chartered jointly led a workgroup of 12 other banks to create and conduct a digital Trade Finance Registry (TFR) proof of concept (POC) to enhance lending practices and improve transparency in commodity trade. Supported by Enterprise Singapore
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Standard Chartered Thailand: First Blockchain Based Cross-Bank Letter of Credit
Thailand’s Standard Chartered completed its first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain between Vietnam and Thailand. The transaction was done in partnership with Asian Development Bank (ADB) and the Bank for Investment and
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Standard Chartered Hires Judo Bank’s Co-Founder to Reportedly Work on Digital Bank in Singapore
Standard Chartered is working with Singapore’s National Trade Union Congress (NTUC) Enterprise on its second digital-only bank in Asia, people familiar with the matter told media. The new initiative is still at an early stage, the persons said, and has
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Standard Chartered Goes Big on Platformification Strategy with Nexus
Today, Standard Chartered launched its “Banking as a Service” solution, nexus. Through nexus, digital platforms and ecosystems like e-commerce, social media or ride hailing companies, will be able to offer loans, credit cards and savings accounts co-created with the bank
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Standard Chartered Invests Further in Blockchain Trade Finance Platform Contour
Standard Chartered announced Tuesday its investment into Contour (formerly known as Voltron), a blockchain-based open industry platform that will initially focus on digitally creating, exchanging, approving and issuing Letters of Credit (LCs), following the full commercialisation of its offering and
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Standard Chartered Completes Blockchain Trial with Thailand’s Oil Giant Using Voltron
The use of blockchain for trade finance is often one of the most cited potential use case for technology, with some sources claiming that using blockchain to remove the bottlenecks could potentially increase global trade volumes by US$1.1 trillion by
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