Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, has announced a strategic banking relationship with Standard Chartered.
The collaboration improves SGB’s multi-currency services and payment rails in emerging markets as well as aims to streamline payment flows and reduce friction in cross-border transactions.
This further supports SGB’s digital asset strategy by targeting emerging markets, specifically in ME/Asia corridor, where digital asset adoption is rapidly growing and where Standard Chartered has a strong market presence.
Resolving bottlenecks
“By partnering with Standard Chartered, SGB is resolving the bottlenecks and providing the modern infrastructure required to power the digital asset economy across these vital corridors,” stated Shawn Chan, Chief Executive Officer, SGB.
“Cross-border payment flows across key growth corridors are accelerating, and the infrastructure supporting them is evolving to match that pace. Standard Chartered’s global network and clearing capabilities enable real-time, transparent settlement where it matters most,” added Karine Zakhour, Head of Banks and Broker Dealers (BBD), Middle East and Pakistan, Standard Chartered.
