Standard Chartered investment in United Fintech enhances digital transformation efforts and strengthens its position in the fintech ecosystem.
Standard Chartered investment in United Fintech enhances digital transformation efforts and strengthens its position in the fintech ecosystem.
Standard Chartered has confirmed its investment in United Fintech. Moreover, United Fintech acquires and partners with fintech companies to build a comprehensive ecosystem that fosters collaboration and innovation within the financial sector.
This investment supports Standard Chartered’s ambition to advance digital solutions across capital markets, wholesale banking, and wealth management. Moreover, the deal includes Board observer rights for Standard Chartered and, upon meeting certain pre-conditions, a rotational Board seat. This role will enable Standard Chartered to share its expertise and influence the strategic direction of United Fintech.
Geoff Kot, the Global Head of CIB Business Platforms & Partnerships at Standard Chartered, expressed enthusiasm about the partnership, stating, “We have been impressed by the growth and innovative approach of United Fintech’s portfolio. We share their vision for how technology can revolutionize market structures and infrastructure. We look forward to working closely with them as we continue our digital transformation journey.”
Furthermore, Christian Frahm, CEO and Founder of United Fintech, highlighted the significance of the investment, noting it underscores Standard Chartered’s commitment to accelerating digital transformation. Frahm remarked, “This investment underscores Standard Chartered’s dedication to fostering digital innovation and highlights their forward-thinking approach to collaborative progress. We are excited to welcome them as a key global investor, joining Citi and BNP Paribas, who invested in February 2024, and Danske Bank, which came on board in May.”
The addition of Standard Chartered to United Fintech’s roster of investors represents a significant boost to the platform’s capabilities. It reinforces its role as a central player in the evolving financial technology landscape. This investment not only aligns with Standard Chartered’s strategic goals but also positions United Fintech to further its mission of transforming the capital markets sector through cutting-edge technology and strategic partnerships.
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