Standard Chartered has become the first bank to join the Temenos Exchange partner programme, embedding its foreign exchange (FX) API service into the Temenos ecosystem. This integration enables financial institutions (FIs) on the Temenos platform to access Standard Chartered’s extensive currency offerings, covering over 130 currencies and 5,000 currency pairs.
The collaboration aims to streamline FX services for FIs, allowing them to price services more efficiently while managing exposure risks associated with FX market volatility. By leveraging Standard Chartered’s Aggregated Liquidity Engine (SCALE), institutions can consolidate multiple payment sources, channels, clearing networks, and distribution services on a single platform.
This partnership is particularly beneficial for retail banks, wealth managers, and payment providers handling low-value or high-volume transactions that typically fall outside their treasury functions. The integration reduces the strain on in-house technology resources, facilitating a faster go-to-market strategy for these institutions.
Janet Thomas, Global Head of Strategic Partnerships, Corporate & Investing Banking at Standard Chartered, highlighted the geographical synergy between the two organizations, stating that the partnership would extend the reach of SCALE to more financial institutions globally.
The integration with Temenos Exchange reflects a growing trend among banks to collaborate with fintech platforms, enhancing their service offerings and operational efficiency. As the financial industry continues to evolve, such partnerships are becoming essential for institutions aiming to stay competitive and meet the dynamic needs of their clients.
