Standard Chartered is launching a multibank connectivity service in partnership with Starfish Digital, aimed at improving corporate clients’ inter-bank connectivity, cash management, and real-time visibility into cash holdings.
Facts
- Standard Chartered is collaborating with Singapore-based financial connectivity platform Starfish Digital.
- The new service focuses on enhancing corporate clients’ inter-bank connectivity and cash management processes.
- It leverages Starfish Digital’s Software-as-a-Service (SaaS) platform, Starfish Connect, to link corporate finance, enterprise resource planning, and treasury management systems to corporate banking services.
- The partnership supports Standard Chartered’s clients in transitioning to real-time treasury operations and expanding APIs within its open banking platform, aXess.
- There is a growing demand among multinational corporate clients for digitized banking relationships and more accurate cash position and cash flow forecasts.
- Standard Chartered’s collaboration with Starfish Digital offers a plug-and-play solution for a real-time treasury experience.
- Starfish Digital’s CEO, Patrick Huang, acknowledges a significant demand for the capabilities offered by their SaaS platform, particularly from companies involved in real-time payments.