Standard Chartered is undertaking sweeping job cuts as it increases its focus on AI. The global bank announced a growth plan Tuesday (May 19) that included plans for a “reduction in corporate functions roles” of more than 15%. Standard Chartered’s most recent annual report showed it employing a...
Standard Chartered named JPMorgan Chase’s former blockchain unit leader to oversee its payments business. Naveen Mallela will become the bank’s global head of payments starting May 4, according to a Wednesday (March 4) press release. He will be based in Singapore. “In his role, Naveen...
Tokenization is emerging beyond the confines of pilot programs. At the World Economic Forum in Davos, Switzerland, Wednesday (Jan. 21), panelists signaled that real-world financial use cases are beginning to take hold, particularly in payments and settlement. While artificial intelligence has dominated headlines, the discussion,...
Global bank Standard Chartered integrated the digital payment network Visa Direct to add greater speed, transparency and cost efficiency to its SC PrismFX and low-value global disbursements offerings. The integration enables Standard Chartered to route payments directly to beneficiary bank accounts through domestic ACH and...
October 15, 2020
Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. These difficulties are due to a process called correspondent banking, in which transactions must also be funneled through multiple financial institutions (FIs) before they reach their final destinations. […]
August 21, 2026
Standard Chartered and HSBC have completed the first interbank transaction executed on Swift’s blockchain-based ledger, Standard Chartered said in a Wednesday (Aug. 19) press release. This live cross-border transaction demonstrated interbank operability and helped advance industry progress on 24/7 cross-border payments, according to the release. By doing so, it marked a milestone in the use of tokenized deposits by regulated […]
May 19, 2026
Standard Chartered is undertaking sweeping job cuts as it increases its focus on AI. The global bank announced a growth plan Tuesday (May 19) that included plans for a “reduction in corporate functions...
March 04, 2026
Standard Chartered named JPMorgan Chase’s former blockchain unit leader to oversee its payments business. Naveen Mallela will become the bank’s global head of payments starting May 4, according to a...
October 15, 2025
Global bank Standard Chartered integrated the digital payment network Visa Direct to add greater speed, transparency and cost efficiency to its SC PrismFX and low-value global disbursements offerings. The integration...