July 13, 2016 7:58 pm | Updated 4 years ago.
Standard Chartered, a banking, and financial service company with branches in more than seventy countries, is envisaging on investing up to $3 billion to leverage its digital transformation. It will be spending the amount on its global delivery centres for three years. It also comprises of the $30 million that is spent on its operation centre in Malaysia.
According to Standard Chartered’s CEO, Peter Schumacher, it is one of the first banks to set up global delivery centres globally. It plans to augment its development capabilities in the changing digital scenario so that it can have an edge over its competitors. The Bank plans to focus more on generating skills and domain capabilities and work on redesigning and integrating global work processes.
Standard Chartered had set up a delivery centre in Malaysia about fifteen years ago and plans to upgrade it to meet global standards. The bank also had an IT delivery centre in India.
Date of Publication: July 12,2016