Standard Chartered enhances securities services offering
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Standard Chartered enhances securities services offering 15 June 2021Switzerland Reporter: Maddie Saghir
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Standard Chartered has extended its strategic relationship with Temenos to support its growing financing and securities services offering.
The bank will leverage Temenos’ technology stack so that it can offer futuristic services to its clients and improve the overall client experience.
The new service offerings include automation throughout the investor servicing lifecycle, which have enabled higher levels of operational efficiency, freeing operations teams from manual, labour-intensive tasks so they can focus on deepening relationships with their clients.
The rapidly expanding alternatives market in Asia Pacific, which is expected to grow to $4.97 trillion by 2025, has been the underlying driver for the enhancements of Standard Chartered’s investor servicing platform
With this partnership, the bank says it is well positioned to continue going from strength to strength to take on this growing market opportunity as one of the leading alternatives administrators.
Kiran Dhillon, head of fiduciary and fund services, technology and innovation, securities services, Standard Chartered, comments: “We have invested significantly in our infrastructure to bring stability and robustness to the platform as part of our sustainability agenda, to ensure that we bring scale and speed to market in today’s ever-evolving landscape.”
Dhillion continues: “We look forward to continuing our partnership with Temenos to further streamline our technology ecosystem by advancing our cloud journey, and further harnessing their solutions to improve our services across alternative products to enhance the client experience.”
Oded Weiss, managing director, Temenos Multifonds, adds: “We are proud to work together with Standard Chartered, a long-standing and valued customer. Standard Chartered is leading the way with their enhanced securities services offering for alternative assets, leveraging back-office innovations to deliver personalised experiences to its clients, across multiple jurisdictions. We are excited to be a partner on this growth journey.”
Standard Chartered financing and securities services arm provides custody, clearing, fiduciary and fund services, securities lending and prime service to client segments that include insurance, asset management and sovereign wealth funds.
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