Standard Chartered Bank announced a significant upgrade to its wealth management digital tool — myRM — introducing the latest capabilities for offshore structured notes trading. This enhancement follows last year’s upgrade of myRM STP (Straight-Through-Transaction) capability for bonds, equities, and ETF solutions, further solidifying the bank’s position at the forefront of digital wealth management services. The latest upgrade to myRM allows clients to effortlessly manage their assets and seize investment opportunities, especially in offshore structured notes.
ENHANCE INVESTMENT CAPABILITY WITH GREATER FLEXIBILITY
Standard Chartered Bank aims to make wealth management simple to understand and easy to execute. Samrat Khosla, head of Wealth Solutions at Standard Chartered Taiwan, said: “As part of our strategy targeting the affluent client base, we are committed to delivering innovative wealth management solutions that cater to the unique needs of our affluent clients. We are making step-changes to create a simple wealth management experience and doing this at a much larger scale. As we continue to evolve and adapt to the dynamic financial environment, we remain dedicated to maintaining our position as a leader in wealth management, always prioritizing our clients’ financial well-being and success.”
To achieve this, the bank leverages intelligent analytics and data to enhance the personalization of advisory and solutions for clients. With the bank’s Internet and mobile banking, clients can enjoy personalized interactions through a digital-first approach.
Via myRM, relationship managers (RM) are virtually connected to clients, allowing them to seek instant advisory anytime, anywhere with just a click which can seamlessly initiate transactions for mutual funds, bonds, equities, and ETFs at their convenience. The new capability in myRM allows clients who have initially transacted the same type of structured notes products previously through branch counter channel to easily complete structured notes transaction remotely in four-steps. After discussing and confirming the transaction details with their dedicated relationship manager, clients will receive a push notification from myRM, and once agree the transaction instruction document and complete the OTP verification, the transaction can be competed in just few clicks.
HIGHLIGHTS OF MYRM
‧ Comprehensive Digital Wealth Experience: Combines professional wealth advisory services with convenient and secure digital transactions, adding a human touch to the digital approach.
‧ Industry-First Structured Notes Digital Transaction Service: Integrates structured notes remote transaction functionality, providing seamless end-to-end service from consultation to transaction for non-first-time investors.
‧ Streamlined W-8BEN Form Process: The upcoming online form feature will eliminate the need for in-person branch visits to complete or renew W-8BEN forms.
OPTIMIZING WEALTH MANAGEMENT THROUGH DIGITAL SOLUTIONS
Central to the bank’s growth strategy is the targeted expansion of the affluent client base. Recent enhancement to the bank’s wealth management services, including the introduction of innovative digital solutions such as myRM initiatives, have not only broadened the bank’s reach within the affluent market segment but also improved the client experience and accessibility.
FEATURES FOR SEAMLESS STRUCTURED NOTES TRANSACTION:
‧ Best Execution: Real-time Market price update with strategic issuers, continuous expansion of high-quality institutional partnerships.
‧ Fast turnaround time: Products can be put on the self for sales couple of hours, ideation to pricing, setting a new industry standard.
‧ Same-Day Trading: Supports same-day trading and price locking for structured notes, enabling clients to seize every investment opportunity.
Since its launch, myRM has received positive feedback from clients, 300 percent increase in user registration and has achieved 45 percent adoption rate for bonds transactions in myRM year to date. The service is available in mobile and internet banking, creating an additional communication channel between clients and relationship managers, enhancing client engagement and flexibility. This omnichannel wealth management experience blends traditional relationship management with digital convenience.
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
RSS