Standard Chartered picks FundsDLT for transfer agency services
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Standard Chartered picks FundsDLT for transfer agency services 16 November 2023US Reporter: Jenna Lomax
Image: Denisismagilov
Standard Chartered has selected FundsDLT to help launch its digital transfer agency services.
The partnership looks to enhance Standard Chartered’s service offerings for investment funds and asset managers. The first phase of the initiative will be launched in the Middle East and North Africa.
FundsDLT's transfer agency software will enable Standard Chartered to offer asset managers further digital capabilities.
By utilising FundsDLT’s capabilities, Standard Chartered will address manual-intensive transfer agency processes and the growth challenges of retail fund distribution.
Olivier Portenseigne, CEO of FundsDLT, comments: “This collaboration with Standard Chartered underscores a mutual commitment to driving digital innovation in the fund industry and is a pragmatic approach to streamline operations and enhance service delivery. We are confident that this integration will offer a more efficient and comprehensive solution for asset managers.”
Ying Ying Tan, global head of products – financing and securities services at Standard Chartered, says: “With an unrivalled coverage across Asia, Africa and the Middle East for our fund services, we continuously look to deliver innovative solutions that can support asset managers and their clients in achieving both cost and processing efficiencies.
“Our collaboration with FundsDLT builds on this objective by transforming traditional transfer agency services into a model that offers streamlined and accelerated processes as well as reduced operational cost.”
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