Advertisement
Singapore markets closed
  • Straits Times Index

    3,297.55
    -26.98 (-0.81%)
     
  • Nikkei

    38,814.56
    +94.09 (+0.24%)
     
  • Hang Seng

    17,941.78
    -170.85 (-0.94%)
     
  • FTSE 100

    8,146.86
    -16.81 (-0.21%)
     
  • Bitcoin USD

    66,124.43
    +754.20 (+1.15%)
     
  • CMC Crypto 200

    1,404.53
    -13.34 (-0.94%)
     
  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     
  • Dow

    38,589.16
    -57.94 (-0.15%)
     
  • Nasdaq

    17,688.88
    +21.32 (+0.12%)
     
  • Gold

    2,348.40
    +30.40 (+1.31%)
     
  • Crude Oil

    78.49
    -0.13 (-0.17%)
     
  • 10-Yr Bond

    4.2130
    -0.0250 (-0.59%)
     
  • FTSE Bursa Malaysia

    1,607.32
    -2.85 (-0.18%)
     
  • Jakarta Composite Index

    6,734.83
    -96.73 (-1.42%)
     
  • PSE Index

    6,383.70
    -7.13 (-0.11%)
     

StanChart's venture arm invests in Singapore-based fintech solution provider BetterTradeOff

The financial terms of the deal were not disclosed.

Standard Chartered’s fintech, investment and ventures arm SC Ventures has invested in BetterTradeOff (BTO), a Singapore-headquartered fintech solution-as-a-service provider.

The financial terms of the deal were not disclosed.

BTO provides scalable comprehensive financial advice through an application programming interface-based architecture.

The investment will provide the foundation for BTO’s next phase of technological enhancements as well as geographical expansion into ket markets in Asia in beyond.

Currently, BTO’s solutions are deployed in seven markets — Singapore, Malaysia, Hong Kong, the Philippines, UAE, Switzerland and the Netherlands. BTO is also gearing up to expand and localise offerings in the US.

ADVERTISEMENT

BTO is StanChart’s existing partner. In 2021, the bank launched SC Goals Planner, a digital wealth management and financial planning solution to provide its customers with comprehensive financial planning.

Available via StanChart’s online portal and mobile app, the solution leverages BTO’s technology to allow the bank’s clients to independently plan and track their financial goals through real-life simulations and insights specific to their life stages and financial status.

"We invested in BTO because the solution helps people to proactively plan their future, addressing scenarios such as inflation or recession,” says SC Ventures head Alex Manson, adding that the firm is looking forward to helping BTO scale its offering.

 

See Also: