Standard Chartered Launches SC PrismFX: Revolutionizing Global Transactions for Seamless Financial Operations

Standard Chartered Launches SC PrismFX: Revolutionizing Global Transactions for Seamless Financial Operations

Standard Chartered has recently launched SC PrismFX, a cutting-edge suite of foreign exchange (FX) payment services tailored for banks, PayTech companies, and corporate clients. This innovative platform is a response to the increasing demand for transparent and automated FX solutions, especially in light of the current global economic landscape.

What is SC PrismFX?

SC PrismFX combines Standard Chartered’s strengths in transaction banking, financial markets, and digital platforms into one cohesive solution. The platform supports FX payment services in over 130 currencies across more than 40 markets, addressing the unique requirements of various clients, including corporates, PayTech firms, and financial institutions.

Key Features of SC PrismFX

  • Global Consistency: Provides corporate clients with a uniform FX payments experience worldwide.
  • Competitive Pricing: Offers attractive FX pricing and insights into emerging markets.
  • Advanced Solutions: Includes a comprehensive suite for payables, receivables, and trade finance.

Benefits for Different Clientele

SC PrismFX offers distinct advantages for various types of clients:

For Corporate Clients

  • Seamless Integration: Designed for easy integration with minimal disruption to existing processes.
  • Upfront Rate Visibility: Clients can manage margins and rates effectively.

For PayTech Companies

  • Access to Extensive Networks: Connects clients to a vast distribution and payment network across both developed and emerging markets.
  • Integrated Digital Tools: Leverages digital FX tools for enhanced efficiency.

For Financial Institutions

  • Automated Payments: Enhanced access to a wide range of FX currencies and faster multi-destination delivery.
  • Efficient Processing: Features like Auto FX Conversion streamline complex FX needs.

Expert Insights

According to Sarad Desai, Global Head of Markets Sales and Structuring at Standard Chartered, “In today’s rapidly evolving macroeconomic and geopolitical landscape, corporates and financial institutions require competitive, digital, and automated FX solutions. SC PrismFX combines our FX trading capabilities, on-the-ground insights, and world-class payments platform to meet the diverse needs of our clients.”

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For more information about SC PrismFX and its offerings, visit Standard Chartered’s official website.

Explore more about the latest trends in FX payments and how businesses can leverage such solutions for improved operational efficiency and cost control.

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