LONDON - Standard Chartered (OTC: ) has embarked on a partnership with FundsDLT to revolutionize transfer agency services through the use of distributed ledger technology (DLT) and cloud computing in the Middle East and North Africa. It promises to overhaul traditional transfer agency services, which have been historically bogged down by manual-intensive tasks, particularly in retail fund distribution. Olivier Portenseigne, CEO of FundsDLT, and Ying Ying Tan from Standard Chartered have both emphasized the potential for operational cost savings and increased efficiencies that this initiative may bring. The initiative underscores a shared commitment between Standard Chartered and FundsDLT to drive digital innovation in the fund industry. This move signals a strong vote of confidence in FundsDLT's technology and its potential impact on the financial services industry.
