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June 15, 2021

Standard Chartered and Temenos extend securities partnership

By Patrick Brusnahan

Standard Chartered and banking software firm Temenos have extended their strategic partnership to support the bank’s Financing and Securities Services offering.

The bank’s Financing and Securities Services arm provides custody, clearing, fiduciary and fund services, securities lending and prime service. It provides this to client segments that include insurance, asset management and also sovereign wealth funds. Its footprint covers 22 markets across Asia, the Middle East and Africa.

Furthermore, it will have new service offerings including automations throughout the investor servicing lifecycle with higher levels of operational efficiency. This frees up operations teams from manual tasks.

With Temenos’ technology stack, Standard Chartered can now offer futuristic services to its clients, improve client experience and utilise this growing market opportunity as a leading alternatives administrators.

Kiran Dhillon, head of fiduciary & 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.”

Oded Weiss, managing director, Temenos Multifonds, said: “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.”

Last week, SC Ventures, the innovation arm of Standard Chartered, and asset manager Franklin Templeton launched Autumn, a wealth, health, and lifestyle solution platform in Singapore.

The plan is to also launch Autumn in Hong Kong and other markets in Asia.

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