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Standard Chartered

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Can Standard Chartered become the embedded banking infrastructure layer of choice for digital ecosystems across Asia, Africa, and the Middle East by leveraging its unique multi-market banking licenses and BaaS platform (nexus)?

Founded1969
HQLondon, United Kingdom
IndustryBank / National
The story

Standard Chartered is a 150+ year-old international bank focused on Asia, Africa, and the Middle East. Over the past five years the bank has repositioned from a traditional correspondent-banking model toward an embedded finance infrastructure play: launching nexus (its BaaS platform), integrating Wise Platform for cross-border payments, and building Open Banking Marketplace APIs for corporate clients. The bank is increasingly acting as a BaaS provider and infrastructure layer for fintechs and digital ecosystems rather than solely a balance-sheet lender, culminating in crypto-infrastructure partnerships like DeCard in 2025.

Last 12 months
2024-11
2024-05
2025-11
Product timeline
2021
Announced 10-year multi-product strategic partnership with Atome Financial (BNPL/fintech) and USD 500M financing commitment to expand across Asia.· lending
2022
Launched Standard Chartered nexus, a white-label Banking-as-a-Service platform enabling digital ecosystems to embed financial services across 30+ markets.· banking
2024
Partnered with Wise Platform to power SC Remit international payments across Asia and the Middle East, supporting 21 currencies at mid-market rates.· banking
2024
Developed industry-first complimentary embedded insurance product for motorcycle riders in Asia in partnership with Castrol, leveraging payment rails.· banking
2025
Announced partnership with DCS Card Centre to power DeCard — a stablecoin-enabled credit card in Singapore — providing transaction banking, fiat/stablecoin settlement, treasury, and FX hedging.· card
Regulated entities
2
regulatory licences held by Standard Chartered
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Standard Chartered’s embedded-finance stack
Payments / PSP
Straight2Bank Pay (self-operated)Worldpay
Banking / BaaS
in the full report
Lending
in the full report
Unified APIs
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
12 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.