SC Ventures, the innovation arm of Standard Chartered Bank, has launched a platform that will serve as a liaison between the bank and community builders including start-ups, investors and accelerators.
Dubbed SC Ventures Fintech Bridge, the new platform links fintech start-ups to the bank’s internal community.
In doing so, the start-ups get the opportunity to propose solutions to ward off the hurdles faced by the bank.
The start-ups will be offered investments for proof of concepts.
They can trial their solutions in multiple markets within the bank’s network.
At the same time, investors can recommend start-ups to the bank using the platform.
This is said to expedite the initial application to final selection process.
According to the bank, the process will now be completed in as early as three months.
SC Ventures head Alex Manson said: “We understand how frustrating it can be for fintech start-ups to find the right people to take their solution forward.
“We also recognise that the best ideas can come from everywhere, not just inside, but also outside the bank and we need them to transform the bank.
“SC Ventures Fintech Bridge plays into our desire to continuously look for new opportunities to collaborate and partner with outstanding and creative talent across our footprint to solve our challenges.”