Standard Chartered and Temenos extend securities partnership
tandard Chartered and banking software firm Temenos have extended their strategic partnership to support the bank’s financing and securities services offering.
The 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. It covers 22 markets in Asia, the Middle East and Africa.
The move will lead to new service offerings including automation throughout the investor servicing lifecycle, with higher levels of operational efficiency, freeing up operations teams from manual tasks. With Temenos’s technology stack, Standard Chartered can now offer future-ready services to clients, improve the client experience and tap the growing market opportunity as a leading alternatives administrator.
Kiran Dhillon, head of fiduciary and fund Services, technology and innovation, and securities services at 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 its solutions to improve our services across alternative products to enhance the client experience.”
Temenos Multifonds MD Oded Weiss said: “We are proud to work together with Standard Chartered, a long-standing and valued customer. Standard Chartered is leading the way with its 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.”
15 June 2021