Insight & Analysis

Press release: Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

Published: Sep 2023

26th September 2023 – The partnership will deliver API-led real-time data for cash management and improved cash visibility to corporate treasury teams.

Press release news paper

Starfish Digital, a Singapore headquartered fintech platform, and Standard Chartered, a leading international banking group, today announced a strategic partnership to introduce a multibank connectivity service, to support the bank’s corporate clients in establishing speedy and seamless connectivity between their systems and multiple banking relationships. This automates the corporate’s cash management processes and allows corporates to achieve real time visibility, access, and control of their cash holdings, resulting in improved working capital management.

The partnership – the first between Starfish Digital and a global financial institution – reflects the growing demand for digital corporate banking capabilities that lower costs, drive capital and process efficiencies, mitigate risks and deliver actionable business insights in real time. Through this partnership, Standard Chartered is supporting their clients in their transition to real-time treasury, so that they can reap the benefits of application programming interface (APIs) and Open Banking.

Starfish Digital’s Software-as-a-Service platform, Starfish Connect, provides the connection between any corporate finance, ERP and treasury management system to any corporate banking service. This enhances Standard Chartered’s expanding API offerings to provide corporates clients the critical information to reconcile their account balances, transactions, and payments, and as a result, achieve improved control and visibility.

Janet Thomas, Global Head of Strategic Platform Partnerships at Standard Chartered, said: “We understand from our multinational corporate clients their demand for a seamless solution that digitises all their banking relationships, to give them a more complete picture of their cash positions and forecast cash flows with better accuracy. Our partnership with Starfish Digital allows us to directly respond to this need, by offering a plug-and-play solution that provides a real-time treasury experience. This further complements our growing suite of business-critical APIs available via aXess, our open banking platform.”

“We are thrilled to partner with Standard Chartered to offer automated, real-time, digital banking for corporates,” said Patrick Huang, CEO Starfish Digital. “We see tremendous demand, especially from companies exposed to real-time payments and forward-thinking CFO’s who seek to future proof their business in a rapidly evolving payments ecosystem.”

All our content is free, just register below

As we move to a new and improved digital platform all users need to create a new account. This is very simple and should only take a moment.

Already have an account? Sign In

Already a member? Sign In

This website uses cookies and asks for your personal data to enhance your browsing experience. We are committed to protecting your privacy and ensuring your data is handled in compliance with the General Data Protection Regulation (GDPR).