Standard Chartered has announced an investment in United
Fintech Group Limited, a London-based company focused on digital transformation
for financial markets.

Fintech Platform Transforms Markets

United Fintech acquires and partners with fintech firms to
offer a comprehensive technology platform for capital markets. This platform
aims to facilitate innovation and collaboration among technology providers to
benefit banks, hedge funds, and asset managers.

Christian Frahm, CEO and Founder of United Fintech,
said:”The investment underscores Standard Chartered’s commitment to accelerate
digital transformation and highlights their forward-thinking approach to
collaborative innovation.”

“As an Asia-focused multinational bank with an expansive
footprint in Asia, Africa, Middle East, Europe and Americas, we are thrilled to
have them complete our circle of global investors, joining Citi and BNP
Paribas, who initially invested in February 2024, as well as Danske Bank, who
followed in May.”

Gaining Board Seat

This investment aligns with Standard Chartered’s goals to
enhance digital transformation solutions in capital markets, wholesale banking,
wealth management, and the broader financial services industry.

Under the terms of the investment, Standard Chartered will
have Board observer rights. Additionally, upon meeting certain conditions, the
bank will be offered a rotational Board seat. This role will allow Standard
Chartered to contribute its expertise and influence the strategic direction of
the platform.

Geoff Kot, Global Head, CIB Business Platforms &
Partnerships at Standard Chartered, said: “We have been impressed by the growth
in United Fintech’s portfolio of innovative, engineering-led technology
companies and share their vision for how technology can transform and disrupt
market structure and infrastructure. We look forward to partnering with them as
we continue on our journey of digital transformation.”

This article was written by Tareq Sikder at www.financemagnates.com.

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