(21 January 2025 – Global) Standard Chartered has introduced SC PrismFX, a comprehensive suite of foreign exchange (FX) and payment services designed to address the unique needs of banks, PayTechs, and corporate clients.
SC PrismFX aims to consolidate Standard Chartered’s expertise in transaction banking, financial markets, and digital platforms under a unified brand, offering FX payment services across more than 130 currencies in over 40 markets.
For corporate clients, SC PrismFX delivers a consistent FX payments experience across global markets, featuring competitive FX pricing, expert insights into emerging markets, and a suite of payables, receivables, and trade finance solutions.
PayTech clients gain access to an extensive distribution and payment network spanning both developed and emerging markets, connectivity to local and instant payment schemes, and advanced digital FX tools.
Financial institutions benefit from the platform’s broad range of currencies, upfront FX rate visibility, and automated FX payments, allowing greater control over margins and rates. The platform also offers faster multi-destination delivery, Auto FX Conversions, and seamless integration with minimal operational changes or set-up costs.
Sharad Desai, Global Head of Markets Sales and Structuring at Standard Chartered, remarked: “In a rapidly evolving macro-economic and geopolitical environment, corporates and financial institutions need competitive, digital, and automated FX solutions that help them efficiently manage their risks, control their costs, and gain a competitive advantage. SC PrismFX brings together the strengths of Standard Chartered’s FX trading capabilities, on-the-ground insights, and our world-class payments platform to offer clients a suite of FX payments solutions that meet their specific needs, regardless of how complex they are.”