Standard Chartered has integrated its FX API service within the Temenos Exchange ecosystem, becoming the first bank to join the core banking vendor’s partner program.
This integration allows financial institutions (FIs) on the Temenos platform to access Standard Chartered’s extensive currency offerings more quickly, enabling them to price services in over 130 currencies and 5,000 currency pairs while managing exposure risks associated with FX market volatility.
Moreover, the integration alleviates pressure on in-house technology resources, which benefits retail banks, wealth managers, and payment providers handling low-value or high-volume transactions outside their treasury functions.
When combined with the Temenos Payment Hub, the integration will enable FIs to consolidate Standard Chartered’s Aggregated Liquidity Engine (Scale) with various domestic and international payment systems on a single platform, connecting multiple payment sources, channels, clearing networks, and distribution services.
Janet Thomas, Global Head of Strategic Partnerships in Corporate & Investing Banking at Standard Chartered, stated: “We are delighted to partner with Temenos to extend the reach of SCALE to even more financial institutions globally, by building on the geographical synergy that Standard Chartered shares with Temenos.”