Standard Chartered 2021 - Enterprise Tech Ecosystem Series

Standard Chartered 2021 - Enterprise Tech Ecosystem Series

Summary

This report provides insight into Standard Chartered's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.

Standard Chartered is a global financial services provider that provides a range of personal banking, wholesale banking, private banking, SME banking, and business banking solutions. Its portfolio of products includes savings and current accounts, fixed deposits, and term deposits; credit and debit cards; and loans for personal needs, home purchases, corporate requirements, and mortgages. It offers investment products and insurance for life, health, medical, home, and auto. The company also provides transactional banking services, mergers and acquisitions advisory services, investment advisory services, wealth management services, Islamic banking services, and private banking services. It serves its customers through a network of branches and outlets across the globe.

Scope

• Standard Chartered’s digitization strategy focuses on automating and digitizing its operations to reduce costs and enhance customer experiences. The bank has accelerated its digital transformation strategy during the COVID-19 pandemic to address operational challenges and deliver enhanced digital services to its customers.
• As part of the bank’s digital transformation efforts, digital onboarding increased to 80% in 2020, while digital servicing increased to 70%. In 2020, the bank had 74% active digital commercial banking clients on its Straight2Bank app as well as 61% active digital retail banking clients on mobile and online platforms.
• Standard Chartered is enhancing its open banking capabilities by working with developers, fintechs, and corporations to develop better products and services through collaboration and the use of APIs.

• Gain insight into Standard Chartered's fintech operations.
• Discover its fintech strategies and innovation initiatives.
• Learn about its product launches, partnerships, and investments.

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AWS
Microsoft
Infor
Avaya
Quantexa
BC Group
Northern Trust
Assembly Payments
Tencent
Bambu
Traydstream
GlobalTrade Corporation
FinLync
PayKey
Bukalapak
Sage
SAP Ariba
Kredivo
BetterTradeOff
Snowdrop Solutions
Franklin Templeton
Huawei
Paxata
Contour
Secret Double Octopus
METACO
MoMo Money
soCash