Standard Chartered has launched SC PrismFX, a cutting-edge foreign exchange (FX) and payments suite tailored to the diverse needs of banks, PayTech firms, and corporate clients. The platform integrates the bank’s capabilities in transaction banking, financial markets, and digital platforms to offer robust services across over 130 currencies in more than 40 markets globally.
Key Features and Benefits of SC Prism FX
For Corporate Clients
- Consistent Global Experience: Provides streamlined FX transactional services across Standard Chartered’s global markets.
- Competitive FX Pricing: Coupled with insights into emerging markets.
- Advanced Solutions: Includes payables, receivables, and trade finance tools.
For PayTech Clients
- Wide Network Access: Seamless distribution and payments across developed and emerging markets.
- Local Connectivity: Links to instant payment schemes in multiple regions.
- Digital Integration: Offers integrated digital FX tools to simplify operations.
For Financial Institutions
- Comprehensive Suite: Single provider offering access to a vast array of FX currencies.
- Rate Transparency: Full control over margins and rates.
- Automation and Speed: Features automated FX payments, multi-destination delivery, and Auto FX Conversions.
Sharad Desai’s Insights
Sharad Desai, Global Head of Markets Sales and Structuring at Standard Chartered, emphasized the significance of SC PrismFX:
“In a rapidly evolving macro-economic and geopolitical environment, corporates and financial institutions need competitive, digital, and automated FX solutions that help them efficiently manage their risks, control their costs, and gain a competitive advantage. SC PrismFX combines Standard Chartered’s strengths in FX trading, local insights, and a world-class payments platform to provide tailored solutions for even the most complex client needs.”