Standard Chartered Taiwan on March 26 announced that it has partnered with international fintech firm FinIQ to build an “Automated Structured Products Pricing Platform.” The bank is also introducing products from global issuers including Goldman Sachs Group Inc, Barclays PLC and BNP Paribas SA. The new platform enables an end-to-end process whereby it finds the most competitive pricing across multiple issuers in a matter of minutes, followed by automated documentation and transaction execution, which significantly shortens time-to-market and delivers a superior wealth management experience.
Standard Chartered Bank Taiwan CEO Anthony Yu (游天立) said: “Standard Chartered is increasingly leveraging its wealth management digital platform, together with partnerships with world-class institutions, to offer diversified asset allocation solutions. Such platforms not only help clients capture investment opportunities ahead of the market, but also effectively diversifies risk. In Taiwan, we continue to introduce digital platforms and services and further localize our international best practices, products and experiences. This resonates with the direction of building Taiwan as Asia’s Asset Management center and deepens the breadth and depth of Wealth Management services.”
Nicolas Rigois, global head of Capital Markets Products and Solutions at Standard Chartered Group, who successfully introduced the “Automated Structured Products Pricing Platform” in Hong Kong and Singapore, and visited Taiwan for the launch press conference, commented: “In Asia, we see demand for structured products has more than doubled in size compared with two years ago. By leveraging Bank’s extensive experience with close collaboration with international issuers to roll out this platform in Taiwan, the Bank aims not only to provide wealth management services at par with global players, but also meet the latent demand of Taiwanese clients for such products.”
Photo courtesy of Standard Chartered Bank Taiwan
Samrat Khosla, head of Wealth Solutions at Standard Chartered Bank Taiwan, said: “Structured products have long played an important role in the asset allocation of high-net-worth clients. Since such products can only be offered to professional investors, it becomes imperative to be able to offer the best pricing across multiple issuers to them. This is true to Standard Chartered Bank’s principle of offer an ‘Open Architecture’ platform.”
“Through the partnership with FinIQ, the “Automated Structured Products Pricing Platform” provides simultaneous quotes from multiple international issuers, and, based on clients’ needs and risk preferences, instantly compares and searches for product combinations that match specified criteria. Together with a highly automated transaction process, enabling clients to swiftly seize opportunities amid fast-moving markets,” Khosla said.
Since establishing its presence in the Kaohsiung Asset Management Zone last year, the bank has successively launched products such as “Premium Financing,” “Alternatives” and “Lombard Lending.” The latest introduction of this platform further helps clients capture market opportunities in real time.
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