Against the backdrop of a global pandemic and continuous disruptions – positive and negative – we at Standard Chartered remain focused on offering our clients transaction banking solutions to help them to take advantage of the emerging opportunities across our network. Client centricity, sustainability, simplification – enabled by digitisation – form some of the key pillars of our Transaction Banking business.
In this edition of Bankable Insights, we explore the critical role of financial inclusion in driving sustainable global growth and in accelerating the digitalisation of transaction banking. Sustainability is another recurrent theme throughout this edition. From digital solutions that simplify supply chain connectivity and strengthen collaboration, to a focus on bringing a disciplined approach to environmental, social, and governance (ESG) practices, we showcase tangible initiatives that are fostering financial inclusion, sustainability and resilience.
We also look at inclusion beyond the financial aspect in an article on diversity and inclusion (D&I) at the workplace. This is a priority for us across the Bank.
At Standard Chartered, we speak of ‘banking the ecosystem’, a Transaction Banking approach that recognises connectivity as foundational to stability, resilience, and growth. In a complex business landscape, where innovation and accelerating digital transformation are critical, partnerships play a vital role in strengthening our value proposition.
You will read about some of our key partnerships with leading fintech players and how they are enabling us to navigate the rapid evolution of technology. These partnerships are complementing our strengths and allowing us to offer our clients practical solutions that address longstanding challenges.
2021 was a pivotal year for absorbing the lessons of supply chain disruptions and shifts in consumer expectations and, as a result, considering ways to shape the future of globalisation towards greater equality, inclusion, and sustainability. Furthering this reset, with its expansive opportunities, requires progressive strategies and innovative products and solutions that help our clients to become future-ready.
Several achievements and developments in 2021 to drive client business success across the globe are shown in our 2021 highlights section.
As we look to the future, we examine four trends that will impact transaction banking in 2022 and beyond. We also share how we are capitalising on these trends to advance transaction banking solutions that support our clients’ transition towards a more sustainable and inclusive future.
We hope you enjoy this edition of Bankable Insights.
Michael Spiegel Global Head of Transaction Banking, Standard Chartered
