- Standard Chartered, a major multinational bank, has announced that it will be investing in value exchange company Partior.
- It is thought that the arrangement will also see Standard Chartered become the first ever euro settlement bank for the Partior platform.
- “To that end, we are delighted to collaborate with industry partners who share our commitment to deliver the G20 aspirations of enhancing cross-border transactions for the benefit of citizens and economies worldwide,” said a spokesperson for Standard Chartered.
Standard Chartered, an industry leader in global finance, has announced that it will be investing in value exchange company Partior.
The new arrangement is expected to provide a boost to the fast money transfer services offered by Standard Chartered, while also helping Partior to expand its reach when it comes to clearing.
The arrangement will see Standard Chartered become one of Partior’s founding partners and make it the first ever euro settlement bank for the Partior platform.
Partior is thought to be aiming to increase its current offering of eight global currencies – which include the US dollar, the British pound and more.
It is expected that the firm will use the Standard Chartered partnership to boost this further into next year.
Philip Panaino, Global Head of Cash, Transaction Banking at Standard Chartered, said that the firm’s push to invest in Partior will boost the overall customer experience.
“Our investment in Partior will allow us to deliver the speed, efficiency and visibility of domestic settlement systems to cross-border transactions, simplifying and improving the experience for our clients,” he said.
“As we navigate the increasingly connected payments universe, we recognise that a concerted effort is needed.”
“To that end, we are delighted to collaborate with industry partners who share our commitment to deliver the G20 aspirations of enhancing cross-border transactions for the benefit of citizens and economies worldwide,” he added.
Jason Thompson, Partior’s CEO, said that the company was “excited” about the new partnership.
“We are excited to grow our network of distributed payment and settlement partners and realise the future of financial services with blockchain technology,” he said.
“As we transform the global financial infrastructure through the delivery of our technology, we welcome Standard Chartered as an investor and valued partner.”
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