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Standard Chartered has launched a Shanghai-based innovation lab to tap China’s tech market and improve its own capabilities. The eXellerator innovation lab in China alongside others in Singapore Hong Kong, London, Kenya, and San Francisco are part of the…
The solution is now live in key markets across Asia, Africa, and the Middle East1, with more markets across the bank’s footprint to follow, according to a media release. Traditional documentary trade requires millions of data elements in paper-based,…
Our clients are highly engaged digitally. We have seen a 33 percent quarter-on-quarter growth in new mobile active clients, as our clients look to do most of their banking activities digitally, from application to activation to service requests and payments,»…
With a 2019 GDP growth of 6.9 percent, Vietnam will remain one of the fastest growing economies in Asia. “We remain positive on Vietnam’s medium-term growth on strong manufacturing activity as FDI inflows to electronics manufacturing remain strong,” says…
Standard Chartered Bank (StanChart) has lowered its 2018 gross domestic product (GDP) growth forecast for Malaysia to 4.8% from 5.3% projected earlier due to slower-than-expected expansion in the first half of the year and on trade concerns, but is optimistic…
Standard Chartered Bank’s Global Focus report on the economy for the third quarter said manufacturing and construction will be the fastest growing sectors this year. FDI inflows will remain strong, with 50 percent coming into manufacturing, the report…
Launched in 2010, StanChart’s ‘Here for good’ campaign showed how a bank could be a force for good by promoting economic activity that has a positive social impact. The new campaign retains the original brand promise but sharpens the bank’s focus on how banks…
Standard Chartered PLC has established a new business arm named SC Ventures, to drive digital innovation, invest in fintech and start-up companies and promote rapid testing and implementation of new business models. The new unit will focus on problem solving…
Alipay, China’s biggest payments service, has struck a partnership with Standard Chartered as the company looks to expand its footprint and deepen its mobile-payment push into Hong Kong. The company controlled by billionaire and Alibaba co-founder Jack Ma…
Ant Financial Holdings, which operates the Alipay online payments service for the world’s largest e-commerce platforms, has extended its service to Hong Kong through a partnership with Standard Chartered Bank, the two companies said in a statement on Tuesday.…
Standard Chartered said its troubled principal finance unit toted up a $650 million loss last year, weighing on the bank’s efforts to improve returns. Standard Chartered’s net loss for 2016 narrowed to $478 million from $2.36 billion in 2015, but revenue and…
Standard Chartered Bank (Hong Kong) Limited (SCBHK) announces the appointment of May Tan as the Bank’s Chief Executive Officer for Hong Kong, with effect from 1 July 2014. May joined SCBHK in January 2009 as Global Head, Equity Corporate Finance and also as a…
Standard Chartered Plc plans to transfer its Thai retail-banking business to Thailand’s Tisco Financial Group Pcl next year, exiting an operation that the U.K. lender said lacked the scale to generate adequate returns. The net asset value is about 5.5 billion…
Standard Chartered Bank and Uber announced a partnership that offers all Standard Chartered credit cardholders in six markets (Singapore, Indonesia, Malaysia, Vietnam, India and the United Arab Emirates) across two continents up to 25% cashback for all global…
Standard Chartered acknowledged on Tuesday (Sep 27) it was being investigated by the US Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts. The London-based, Asia-focused bank said in a statement that it had…
UK-based financial giant Standard Chartered has appointed Rino “Donny” Donosepoetro as the new CEO of its Indonesian branch, replacing Shee Tse Koon, who is leaving to pursue another career. Donny’s new appointment will be effective as of Sept. 1 as it is…
