United Fintech is a London-headquartered digital transformation platform focused on delivering innovative solutions across several sectors of the financial services market; Standard Chartered Bank has invested in United Fintech. The specifics about the amount of the investment have been kept private. However, this strategic move is in the larger goal of Standard Chartered to be a catalyst of Digital Capex and opportunity for capital markets, wholesale banking, wealth management among others.
This way, Standard Chartered wants to boost the creation of digital innovations that may revolutionize the financial industry. Board observer rights have been granted to the bank and this important in the sense that it has allowed it to contribute with valuable advice. In addition, depending upon some conditions mentioned here below Standard Chartered will be able to have a rotational seat on Board. This position will enable the bank to control the strategic development of the platform and use their knowledge for the further development of United Fintech.
United Fintech’s Strategic Vision
United Fintech is an industry-agnostic business and operates on behalf of global financial institutions and digital technology providers with its CEO, Christian Frahm. Thus, is it committed to providing an embodiment of all possibilities relevant to the advancement of financial services by leveraging the application of technology. From its origins, United Fintech has been operating as an active acquire, targeting only the most innovative fintech businesses. Such acquisitions are in line with the overall trend of developing the capacities of financial institutions globally to compete in the conditions of a rapidly shifting to digital environment.
Present cooperation with Standard Chartered is a major step forward for United Fintech. It underlines the company’s focus on delivering the best-in-class digital tools ushering the banks to the next level of growth in a disruptive environment. Such alliances are important to sustain and advance every organization in the course of the financial services industry modernization that is in progress progressively.
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