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Standard Chartered creates fintech investment unit

Reuters  |  LONDON 

LONDON (Reuters) - Standard Chartered said on Wednesday it had established a business unit to invest in financial technology and promote innovation. Dubbed SC Ventures, it will include internal consultants to help the rest of the group solve problems with technology and a team to sponsor and oversee new disruptive technology ventures owned by StanChart.Another part of the new unit will focus on managing the bank's minority investments in 'fintech' and seeking new ones to back. "As new technology continues to play an ever more important role in banking, there is a huge opportunity for us to ...

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First Published: Wed, January 17 2018. 15:14 IST