Standard Chartered has introduced SC PrismFX, a comprehensive suite of foreign exchange and payment services designed to meet the unique requirements of banks, PayTech companies, and corporate clients.
SC PrismFX combines Standard Chartered’s transaction banking, financial markets, and digital platform capabilities into one cohesive brand, providing FX payment services across over 130 currencies in more than 40 markets.
For corporate clients, SC PrismFX ensures a consistent transactional FX payments experience globally, featuring competitive FX pricing and expert insights into emerging markets. It also offers a range of advanced solutions for payables, receivables, and trade finance.
PayTech clients can take advantage of an extensive payments network across both developed and emerging markets, with access to local and instant payment schemes, along with a variety of integrated digital FX tools.
Financial institutions benefit from the convenience and efficiency of utilizing a single provider for a broad range of FX currencies. The platform offers upfront visibility and transparency on FX rates, enabling clients to maintain control over margins for their customers. Features like automated FX payments, faster multi-destination delivery, Auto FX Conversions, and seamless integration require minimal operational changes and setup costs.
Sharad Desai, global head of markets sales and structuring at Standard Chartered, emphasizes the need for competitive, digital, and automated FX solutions in today’s rapidly changing macro-economic and geopolitical landscape. He states, “Corporates and financial institutions require tools that help them manage risks, control costs, and secure a competitive edge. SC PrismFX leverages our FX trading strengths, local insights, and world-class payments platform to deliver tailored FX payment solutions that address even the most complex needs.”