“ It wouldn ' t be so much as competing with the existing banking business as much as it would be creating a much more novel , focused customer experience . The adoption of modern tech like core banking from Thought Machine , automation by GitHub Actions , and Cloud-native deployment on AWS gives them an agility advantage .”
Both Standard Chartered and SC Ventures ’ innovation arm are focused on the disruptive nature of fintech to scale its business to a larger footprint across the globe . New areas of disruptive technology to be considered include cybersecurity and similar “ passwordless ” access solutions .
“ SC Ventures has also made investments into blockchain and distributed ledger technology companies . We ' ve invested into KYC and fraud detection , automation solutions , and a portfolio of thematic-aligned growth-stage start-ups . It ' s important for us that they are gaining momentum , while minimising rework and avoiding tech debt ,” he says .
36 August 2022