April 19, 2019 | The Asian Banker
- Standard Chartered Bank witnessed strong growth in the region supported by a slew of digital wealth and origination initiatives
- Digitalisation of wealth is a big focus
- Digital origination
- Chatbot to enhance customer experience
Dubai, March 21st, 2019 - Standard Chartered Bank, Greater China and North Asia was awarded Best Regional Retail Business in Asia Pacific at The Asian Banker International Excellence in Retail Financial Awards 2019. The awards ceremony was held in conjunction withThe Excellence in Retail Financial Services Convention 2019at Conrad Dubai, U.A.E on March 21st 2019.
Standing from left: David Gyori,Member, Excellence in Retail Financial Services Advisory Council; Wilson Chia, Member, Excellence in Retail Financial Services Advisory Council; Representative from Standard Chartered Bank; VarunSabhlok, Member, Excellence in Retail Financial Services Advisory Council
The bank witnessed strong growth in the region supported by a slew of digital wealth and origination initiatives
Greater China and North Asia is the most important region for Standard Chartered Bank (SCB) in terms of revenue and profit generation. In 2018. its revenue in the region accounts for almost 57% of its total global revenue and 69% of profits. Its revenue grew by 11% while profits before tax grew by almost 22%, more than any other regions in the world. Greater China and North Asia saw the highest increase in customer accounts by 8% while ASEAN grew by 6%, and Europe and Middle East fell behind for the same period.
Digitisation of wealth is a big focus
The bank launched a mobile fo...
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