Blockchain platform FundsDLT has partnered with Standard Chartered to provide the banking group with cloud and blockchain-based transfer agency SaaS for asset managers.
By leveraging FundsDLT's streamlined "front-to-back solution", Standard Chartered aims to offer asset managers enhanced digital capabilities for improved client servicing.
Distributed Ledger Technology (DLT) enhances linkages and transparency, and facilitates fund distribution by addressing manual-intensive transfer agency processes and retail fund distribution challenges.
The initial phase of this integration will be launched in the Middle East and North Africa.
Olivier Portenseigne, CEO of FundsDLT, commented: “This collaboration with Standard Chartered is a pragmatic approach to streamline operations and enhance service delivery.”
Ying Ying Tan, global head of products – financing & securities services at Standard Chartered, said: “With coverage across Asia, Africa and the Middle East for our fund services, we look to deliver solutions that can support asset managers and their clients in achieving both cost and processing efficiencies. Our collaboration with FundsDLT builds on this objective by transforming traditional transfer agency services into a model that offers streamlined and accelerated processes and reduced operational cost.”
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