DBS and Temasek establish growth debt financing platform for Asia

EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies. Singapore-based financial institute DBS and Temasek have entered into an agreement to jointly launch a US$500 million growth stage debt financing platform, called EvolutionX Debt Capital (“EvolutionX”). Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies…

Read More

Standard Chartered appoints CIO for Consumer, Private & Business Banking

Former CIO leaves for other opportunities. Standard Chartered (the Group) has announced the appointment of Anshu Sharma Raja as CIO Consumer, Private & Business Banking (CPBB). She will be based in Singapore, reporting to Group Chief Information Officer Michael Gorriz from August 2021, subject to regulatory approval. Former CIO, Paul…

Read More

Banks to move online and form customer-centric digital ecosystems

Global banking executives believe that the branch-based model will die out. COVID-19 branch closures, new technologies and increased competition from fintechs, super-app platforms and tech giants have accelerated digital transformation and triggered a shift in banking priorities and business models. Temenos the banking software company, finds that 65 per cent…

Read More

Standard Chartered and BC Technology Group cement digital moves

BC Group CIO moves into a CEO position. SC Ventures, the innovation and ventures unit of Standard Chartered, and BC Technology Group (BC Group), Asia’s leading digital asset company and parent of Hong Kong Securities and Futures Commission (SFC)-licensed digital-asset platform OSL, have partnered to establish a digital asset brokerage…

Read More

Standard Chartered Bank turbo charges digital payments

Investment and merger of CurrencyFair with Assembly Payments. Global cross-border payments platform CurrencyFair and Assembly Payments, whose platform automates complex payment workflows, have merged as a result of a strategic investment by Standard Chartered, subject to shareholder and regulatory approval. SC Ventures the ventures and fintech investments unit of Standard…

Read More

Standard Chartered unifies investment managment platform

Adding value for asset managers and asset owners by providing access to real-time data. Standard Chartered will use BlackRock’s Aladdin platform to offer integrated front-to-back-office investment management solutions to mutual clients across Asia, Africa, and the Middle East. This will complement Standard Chartered’s existing product offerings. It will also add…

Read More

Chartered Bank focuses on eliminating risk

Accelerating the adoption of digital solutions. Resilience is at the core of Standard Chartered Bank, in what has been an extraordinary year for the financial institution. In its fourth quarter and full year 2020 results, Chartered noted the negative impacts of COVID-19 should be “largely transitory, and indeed have provided…

Read More

Standard Chartered adds new CISO to beef up security

Hires Singapore-based CISO for Digital Ventures. Media outlets have reported that Standard Chartered has hired Jerome Walter as its Singapore-based chief information security officer (CISO) for digital ventures. According to various reports Walter unit, SC Ventures, provides a platform for the bank to promote innovation, invest in disruptive financial technology and…

Read More