The investment division of Standard Chartered Bank, SC Ventures, has designed a platform to combine community builders such as investors, startups, and accelerators. The SC Ventures Fintech Bridge combines and coordinates associates from the fintech ecosystem to Standard Chartered’s internal fellowship, where they can recommend solutions to the difficulties posed by the bank’s business sections or offer investments. Investors can also utilize the portal to promote start-ups to the Standard Chartered for prospective collaborations.
Standard Chartered plays into the general course of entrenched banks outsourcing their fintech improvement need to fintech firms while acknowledging startups to advance from initial application and final preference for investment in just three months.
Startup associates would be undeviatingly answering a call-to-action to resolve a problem faced by Standard Chartered, and therefore, already dive through multiple complications, including onboarding a big-scale buyer. Meanwhile, Standard Chartered can source for right solutions for their difficulties.
The chosen startups would also obtain access to test in different markets in the Standard Chartered network, including Asia, the Middle East, Europe, and Africa.
The latest platform, called SC Ventures Fintech Bridge, combines and matches partners from the fintech ecosystem to the bank’s constitutional community, where they can recommend solutions to difficulties posed by the bank’s business segments or request investments. Investors can also utilize the portal to suggest start-ups to the bank for future collaborations.
SC Ventures Fintech Bridge strives to provide start-ups with an immediate connection to the right people. The new platform also perpetrates to ensure a quick method to matchmake start-ups with the bank. Another responsibility is that funding is confirmed for proof of concepts (PoCs). Subsequently, start-ups can test in various markets across the Bank’s connected network and the chance of securing further partnership investment.
According to Alex Manson, Head of SC Ventures, they have understood how annoying it can be for fintech start-ups to discover the right people to take their solution ahead. The company also assumes that the best plans can come from anywhere, not just within, but also outside the bank and they require them to modify the bank. SC Ventures Fintech Bridge represents the company’s desire to continuously watch for new possibilities to collaborate and partner with exceptional and creative talent across its footprint to solve their challenges.
As per Marion Bernardi, who leads fintech engagement at SC Ventures, their connection with start-ups is not only about managing PoCs but also assisting them in achieving new heights. The fintechs who have worked with the company recognize how the company has supported them to operate through a big corporation like Standard Chartered. SC Ventures Fintech Bridge gives them the potential to broaden their associations to the global fintech ecosystem to seek out the high-grade partners.
