STANDARD CHARTERED


Associated tags: Commerce, Sales, Standard Chartered, Standard, Professional Services, Bank, Finance, Banking

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SC Ventures Leads Hive's €12M Series A, Enabling Sustainable Distributed Cloud Computing for the Masses

Retrieved on: 
Friday, March 29, 2024

GENEVA, March 29, 2024 /PRNewswire/ -- SC Ventures, Standard Chartered's innovation, fintech investment and ventures arm, is leading a €12 million (USD $13 million) Series A round for distributed cloud provider Hive, to increase access to sustainable, high-powered computing resources for businesses and individuals. OneRagtime, a French venture capital fund that led Hive's Seed round, and a collection of private investors also joined the round.

Key Points: 
  • Hive is reinventing the cloud from a centralized model that uses expensive physical servers to a distributed cloud infrastructure that aggregates individual devices' unused hard drive and computing capacities.
  • Hive's model helps businesses efficiently manage their cloud-related expenses, reduce dependency on a select few cloud providers, and significantly reduces cloud energy use.
  • In 2023, global data centres, which power the world's cloud, required 7.4 Gigawatts of power , a 55% increase from 2022.
  • Hive is a champion of sustainable technological progress, offering a practical solution to the challenges posed by traditional cloud computing models.

AFP Whitepapers Outline Best Practices for Treasury Transformation in the Asia-Pacific and Middle East and Africa Regions

Retrieved on: 
Tuesday, March 26, 2024

ROCKVILLE, Md., March 26, 2024 /PRNewswire/ -- The Association for Financial Professionals (AFP) has released two whitepapers, "Treasury Transformation: Insights from Asia-Pacific (APAC)" and "Treasury Transformation: Insights from the Middle East and Africa (MEA)," both underwritten by Standard Chartered, to provide a framework for managing any type of treasury transformation project.

Key Points: 
  • ROCKVILLE, Md., March 26, 2024 /PRNewswire/ -- The Association for Financial Professionals (AFP) has released two whitepapers, " Treasury Transformation: Insights from Asia-Pacific (APAC) " and " Treasury Transformation: Insights from the Middle East and Africa (MEA) ," both underwritten by Standard Chartered, to provide a framework for managing any type of treasury transformation project.
  • Commenting on themes that emerged from the 2023 AFP Treasury Benchmarking Survey on Treasury Transformation, the two whitepapers identify best practices for treasury transformation in each of their respective regions.
  • In the APAC region, three keys to a successful treasury transformation project include:
    Consulting with experts to navigate nuances in regulations and market practices across borders.
  • "The best practices outlined in the two whitepapers can help treasurers in the APAC and MEA regions successfully implement treasury transformation projects of all types."

HKTDC's major focus areas promote Hong Kong's advantages

Retrieved on: 
Wednesday, February 21, 2024

HONG KONG, Feb 21, 2024 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) today announced its major focus areas for 2024-2025, which strengthen Hong Kong's status as a leading global business and investment hub and convention and exhibition (C&E) centre.

Key Points: 
  • HONG KONG, Feb 21, 2024 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) today announced its major focus areas for 2024-2025, which strengthen Hong Kong's status as a leading global business and investment hub and convention and exhibition (C&E) centre.
  • The HKTDC is committed to promoting Hong Kong's advantages internationally and creating opportunities for Hong Kong businesses.
  • Looking ahead, we will further consolidate Hong Kong's status as an international financial, trade and international C&E centre and promote Hong Kong's strengths internationally.
  • - We will deepen collaboration with R&D and innovation centres of Hong Kong-based universities to promote technology commercialisation with a focus on healthtech.

Rigetti Computing Awarded Innovate UK Grant to Develop Quantum Machine Learning Techniques for Financial Data Streams

Retrieved on: 
Thursday, January 11, 2024

LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it was awarded an Innovate UK grant as part of the Feasibility Studies in Quantum Computing Applications competition.

Key Points: 
  • LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it was awarded an Innovate UK grant as part of the Feasibility Studies in Quantum Computing Applications competition.
  • The consortium aims to use quantum computing to improve current classical machine learning techniques used by financial institutions to analyze complex data streams.
  • Classical machine learning techniques used to assist and provide insights to these services have limitations as these data streams are, in general, complex.
  • Combining quantum computing with classical machine learning methodology could offer more powerful resources for processing these data streams, given the potential for quantum computers to process some types of information more efficiently than with classical resources alone.

Standard Chartered US earns 2023 Great Place To Work Certification™ for fourth consecutive year

Retrieved on: 
Thursday, December 14, 2023

Standard Chartered United States (the “Bank”) is proud to be Certified™ by Great Place To Work® for the fourth year in a row.

Key Points: 
  • Standard Chartered United States (the “Bank”) is proud to be Certified™ by Great Place To Work® for the fourth year in a row.
  • This year, 85% of current employees affirmed that the Bank is a great place to work – 28 points higher than the average US company.
  • “We are extremely proud to earn the Great Place to Work certification for the fourth consecutive year.
  • “By successfully earning this recognition, it is evident that Standard Chartered stands out as one of the top companies to work for, providing a great workplace environment for its employees."

Standard Chartered Celebrates 50 Years in Brazil

Retrieved on: 
Wednesday, December 13, 2023

Standard Chartered Bank Brazil (the “Bank”) proudly celebrates its 50th anniversary, marking a significant milestone in its legacy of providing exceptional financial services, fostering growth, and contributing to Brazil’s economic development.

Key Points: 
  • Standard Chartered Bank Brazil (the “Bank”) proudly celebrates its 50th anniversary, marking a significant milestone in its legacy of providing exceptional financial services, fostering growth, and contributing to Brazil’s economic development.
  • Established in 1973, the Bank’s Brazil business has been dedicated to facilitating trade and investment flows between the Americas, Asia, Africa, the Middle East, and Europe.
  • Germana Cruz, CEO and Head of Financial Institutions, Standard Chartered Latin America, said: “We are proud and excited to celebrate this remarkable milestone of our office.
  • “Over the last 50 years, the dedicated service, innovation, resilience and commitment of our team in Standard Chartered Brazil have supported the growth and ambition of our clients while also making a positive impact in the local community.

Standard Chartered US Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

Retrieved on: 
Friday, December 8, 2023

Standard Chartered United States (the “Bank”) today announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (“CEI”), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

Key Points: 
  • Standard Chartered United States (the “Bank”) today announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (“CEI”), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.
  • This year is the fifth consecutive year that the Bank has received a perfect score.
  • “Being recognized as the recipient of the Equality 100 Award for five consecutive years is truly inspiring,” said Patricia Fuster, Standard Chartered Chief Information Officer for Europe and Americas and Chair of Americas’ Diversity and Inclusion Council.
  • “At Standard Chartered, we strive to be a champion for equity, diversity, and inclusion.

Standard Chartered US Named to the Seramount Inclusion Index

Retrieved on: 
Wednesday, November 15, 2023

Standard Chartered United States (the “Bank”) was among the thirty-eight organizations recognized as a Leading Inclusion Index Company, receiving a 72 percent score in Seramount’s sixth annual Inclusion Index .

Key Points: 
  • Standard Chartered United States (the “Bank”) was among the thirty-eight organizations recognized as a Leading Inclusion Index Company, receiving a 72 percent score in Seramount’s sixth annual Inclusion Index .
  • “We are thrilled to be recognized as a leading inclusion index company by Seramount,” said Patricia Fuster, Standard Chartered Chief Information Officer for Europe and Americas and Chair of Americas’ Diversity and Inclusion Council.
  • “This award fuels our drive to continue shaping a more inclusive future for our bank, colleagues, and communities.
  • At the heart of this achievement are our Employee Resource Groups – who are pivotal in creating and nurturing our inclusive culture.

USD40 billion in retail investor capital could be mobilised to combat climate change in the UAE

Retrieved on: 
Tuesday, November 28, 2023

Financial institutions, regulators, companies and individuals must make a concerted effort to establish a wider range of climate assets to drive greater retail participation.

Key Points: 
  • Financial institutions, regulators, companies and individuals must make a concerted effort to establish a wider range of climate assets to drive greater retail participation.
  • Asset managers and banks must also work to innovate new climate assets to match emerging investor interests, such as biodiversity and the blue economy.
  • Financial institutions have a critical role to play in mobilising retail capital via three pillars – empowering investors with information, product customisation and outcome-based information.
  • This constitutes an attractive point for global financial institutions that aim to develop financial products and solutions dedicated to confronting climate change.

USD40 billion in retail investor capital could be mobilised to combat climate change in the UAE

Retrieved on: 
Tuesday, November 28, 2023

Financial institutions, regulators, companies and individuals must make a concerted effort to establish a wider range of climate assets to drive greater retail participation.

Key Points: 
  • Financial institutions, regulators, companies and individuals must make a concerted effort to establish a wider range of climate assets to drive greater retail participation.
  • Asset managers and banks must also work to innovate new climate assets to match emerging investor interests, such as biodiversity and the blue economy.
  • Financial institutions have a critical role to play in mobilising retail capital via three pillars – empowering investors with information, product customisation and outcome-based information.
  • This constitutes an attractive point for global financial institutions that aim to develop financial products and solutions dedicated to confronting climate change.