Company Research Report: Standard Chartered
Company Overview
Name
Standard Chartered
Mission of the Company
Standard Chartered's purpose is to drive commerce and prosperity through its unique diversity. The company focuses on unlocking sustainable growth across its markets to create long-term value for its clients, colleagues, and communities. The brand promise is centered around being "here for good."
Founding Information
- Founded: It has a heritage of over 170 years.
- Founders: No information is available.
Key People
- Mohammed: A teacher is mentioned in promotional content, but specific executive names are not provided for key positions.
Headquarters
No information is available.
Number of Employees
Standard Chartered employs approximately 85,000 individuals worldwide.
Revenue
No specific revenue figures are provided.
Known For
Standard Chartered is known as a leading international cross-border bank that combines deep local expertise with global capabilities to unlock sustainable and inclusive growth. They are recognized for their innovation in digital partnerships, sustainability efforts, and commitment to fighting financial crime.
Products
Overview of Products
- Transaction Banking: Provides cash management and financing solutions tailored to support transaction needs globally.
- Financial Markets: Offers research, proprietary pricing, and trade execution across multiple asset classes including FX, rates, and commodities.
- Digital Banking Solutions:
- Straight2Bank: A global platform for customer payment options.
- Standard Chartered Markets: A platform for centralizing digital FX trades.
- Open Banking Marketplace: An innovation platform with API shortlisting and testing capabilities.
Key Features of Products
- Straight2Bank: Consolidates payment options while ensuring visibility, stability, and security of transactions.
- Standard Chartered Markets: Provides access to a diverse mix of G10 and emerging market currencies.
- Open Banking Marketplace: Offers a sandbox environment for testing innovative banking solutions.
Recent Developments
New Developments and Innovations
- Blockchain Settlements: Initiatives with Ant International for blockchain-based intra-group SGD settlement and HKD-denominated blockchain test settlement.
- Custodial Services: Partnership with OKX for digital asset custody.
- Automated Solutions: Launch of Straight2Bank Autoquote.
New Products
- Sustainable Finance Variants of Borrowing Base Trade Loan: A focus on sustainability-oriented financial products.
- ESG-linked Cash Account: Introduction of cash accounts tied to Environmental, Social, and Governance (ESG) criteria.
New Partnerships
- Partnerships in Digital: Collaborations with fintech companies and institutions like INSEAD and SC Ventures for the Next Gen programme.
- TP ICAP Collaboration: Engagement in the field of digital assets.
Corporate Strategy and Impact
Strategy
Guided by four strategic priorities, Standard Chartered is focusing on digital innovation, sustainability, and creating financial inclusion. The strategy emphasizes:
- Sustainability: Transitioning to net zero emissions.
- Financial Inclusion: Leveraging partnerships and technology.
- Globalization: Advocacy for a transparent and trust-based model of globalization.
Community Impact
Standard Chartered has made strides in community engagement through sponsorships and initiatives such as sponsoring marathons and partnering with sports clubs like Liverpool FC to engage and provide opportunities within communities.
Financial Performance
Latest Results
The latest financial updates released as of the third quarter of 2024 can be accessed through Standard Chartered’s official communication channels, providing insights into quarterly financial performance and strategic assessments.
This report consolidates key aspects of Standard Chartered based on publicly available data, highlighting the bank’s international presence, innovative initiatives, and community contributions.
