Thorsten Neumann , CTO of SC Ventures , details its fintech triumphs over the past three years and its outlook for sustainable innovation
SC VENTURES
Thorsten Neumann , CTO of SC Ventures , details its fintech triumphs over the past three years and its outlook for sustainable innovation
Traditional banking is under pressure to adapt as society continues to not only evolve digitally , but also increasingly accelerate via emerging technology and innovation .
With digital transformation taking place at a rapid pace , banks are undergoing significant changes to meet the evolving needs of customers and stay ahead of the innovation curve – particularly with fintech moving into the traditional financial services sector . Oftentimes , the out-of-the-box fintech solutions offered by nimble startups have proven their worth to investors and , ultimately , in the adoption by banks . The innovation remains external .
It ’ s not quite the same story for Standard Chartered Bank , though . With a business unit that invests time and money into innovation and start-ups to build pioneering solutions while developing valuable partnerships with a broad spectrum of technology services providers , Standard Chartered Bank has a significant and unique competitive advantage as a result of the SC Ventures ’ platform .
SC Ventures is the bank ’ s response to the rapid acceleration of the fintech space , with Thorsten Neumann leading the technology function – which is always in the market for new fintech and technology adoption . Currently , the platform is fully invested in
28 August 2022