Company: Standard Chartered Plc
Brand value: US$2,178 million
Change since 2019: -18%
Headquarter city: London
Year formed: 1853
Standard Chartered is one of the UK’s largest banks, and operates in corporate and institutional, commercial, private banking, and retail segments. The bank launched “nexus”, its “banking as a service” solution, in early 2020, allowing digital platforms and ecosystems such as e-commerce and ride-hailing businesses to offer loans, credit and savings accounts featuring their own brands, aimed at serving an increasingly tech-savvy customer base seeking greater convenience. Standard Chartered has a focus on fast-growing markets, especially in Asia, where it has been developing innovative new services with a range of technology partners. Through a joint venture with Singaporean payment solution provider Assembly Payments, the bank is developing new e-commerce payment systems. The JV is behind the new Hong Kong virtual bank Mox, and the Solv service for small and medium businesses in India and other markets.
Sustainability is a key area of focus for the brand, which this year launched Opportunity2030, an investment map to show funding needs and opportunities that contribute to achieving the UN Sustainable Development Goals by 2030.