StanChart Extends Temenos’ Partnership for Enhanced Financing and Securities Services

StanChart Extends Temenos’ Partnership for Enhanced Financing and Securities Services

by June 15, 2021

Swiss banking software company Temenos announced that Standard Chartered has extended their strategic relationship to support the latter’s growing financing and securities services offering.

Standard Chartered‘s 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.

The organisation’s fund and fiduciary footprint covers 22 markets across Asia, the Middle East and Africa.


The rapidly expanding alternatives market in Asia Pacific, which is expected to grow to $4.97 trillion by 2025, faster than any other region and more than double the forecasted growth rate for global alternative markets, has been the underlying driver for the enhancements of Standard Chartered’s investor servicing platform.

With Temenos’ modern technology stack, Standard Chartered is now well positioned to offer futuristic services to its clients, improve the overall client experience and continue going from strength to strength to take on this growing market opportunity as one of the leading alternatives administrators.

The new service offerings include automations throughout the investor servicing lifecycle, have enabled higher levels of operational efficiency, freeing operations teams from manual, labor-intensive tasks so they can focus on deepening relationships with their clients.

Kiran Dhillon, Head of Fiduciary and Fund Services, Technology & Innovation, Securities Services, Standard Chartered commented,

“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.

 

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.”

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