Standard Chartered and Temenos have announced a partnership that will see the integration of Standard Chartered’s Aggregated Liquidity Engine (SCALE), a foreign exchange (FX) API service, into the Temenos Exchange platform.
This makes Standard Chartered the first bank to list its FX solution on Temenos’ fintech partner ecosystem.
The integration brings together Standard Chartered’s FX execution and settlement capabilities with Temenos’ core banking and payments technology.
Financial institutions (FIs) using the Temenos platform will be able to adopt Standard Chartered’s FX services with reduced reliance on internal technology resources.
This streamlined implementation is expected to be particularly useful for retail banks, wealth managers, and payment providers dealing with high volumes of low-value transactions that typically fall outside the remit of traditional treasury functions.
The collaboration allows FIs faster access to Standard Chartered’s FX offering, covering over 130 currencies and 5,000 currency pairs.
This enables institutions to manage FX exposure risks more effectively while retaining control over FX margins applied to customer transactions.
When used in conjunction with the Temenos Payment Hub, the integration supports the consolidation of Standard Chartered’s SCALE service with other domestic and cross-border payment infrastructures on a single platform.
This setup links multiple payment sources, channels, clearing networks, and distribution services.
Monty Bhatia, Executive Vice President of Global Alliances and Partner Ecosystem at Temenos, said:
“We are proud to welcome one of the world’s leading financial institutions to Temenos Exchange. This collaboration demonstrates the strength of our ecosystem to create superior solutions and drive greater value for our clients.”
Janet Thomas, Global Head of Strategic Partnerships, Corporate & Investment Banking at Standard Chartered, added:
“We are delighted to partner with Temenos to extend the reach of SCALE to even more financial institutions globally, by building on the geographical synergy that Standard Chartered shares with Temenos.”
Featured image credit: edited from freepik
