Empowering Asset Managers through Streamlined Solutions:
Standard Chartered is set to empower asset managers with state-of-the-art digital capabilities by harnessing the efficiency of FundsDLT’s innovative blockchain platform. The “front-to-back solution” promises to streamline operations, providing asset managers with a comprehensive toolkit for enhanced service delivery.
Distributed Ledger Technology Transforming Operations:
The integration of Distributed Ledger Technology (DLT) is poised to bring about a transformative change by improving linkages, transparency, and addressing the challenges associated with manual-intensive transfer agency processes and retail fund distribution. This technology is expected to pave the way for more efficient and transparent fund distribution processes.
Initial Deployment in the Middle East and North Africa:
The initial phase of this collaborative integration will be rolled out in the Middle East and North Africa, marking a strategic entry point for the enhanced services facilitated by Standard Chartered and FundsDLT.
CEO’s Perspective on Streamlining Operations:
Olivier Portenseigne, CEO of FundsDLT, expressed the pragmatic nature of this collaboration with Standard Chartered, emphasizing its goal to streamline operations and elevate service delivery. The joint effort aims to introduce a modernized approach to traditional financial processes, enhancing operational efficiency.
Global Head of Products Emphasizes Efficiency and Transformation:
Ying Ying Tan, Global Head of Products – Financing & Securities Services at Standard Chartered, highlighted the broader objectives of the collaboration. With coverage across Asia, Africa, and the Middle East, Standard Chartered aims to deliver solutions supporting asset managers and clients in achieving cost and processing efficiencies. The collaboration with FundsDLT is viewed as a pivotal step in transforming traditional transfer agency services, offering streamlined processes and reducing operational costs.
Conclusion:
The partnership between Standard Chartered and FundsDLT represents a significant stride towards modernizing asset management processes through cutting-edge blockchain solutions. By embracing advanced technologies and streamlining operations, the collaboration seeks to bring about positive transformations in the way financial services are delivered, with a focus on efficiency, transparency, and reduced costs.