Standard Chartered has introduced SC PrismFX, a new suite of cross-currency transactional foreign exchange (FX) solutions tailored to meet the needs of financial institutions (FIs), non-banking financial institutions (NBFIs), Playtech companies, and corporate clients worldwide.
SC PrismFX offers seamless FX payment solutions across 130+ currencies in over 40 markets worldwide.
Corporate and Playtech clients benefit from competitive pricing, market insights, and smooth integration into customer journeys.
Financial institutions and NBFIs enjoy automated payments, transparent FX rates, and minimal setup costs.
This innovation brings greater accessibility, control, and transparency to clients managing cross-border transactions.
How SC PrismFX benefits corporate and Paytech clients
For corporate customers like BP, SC PrismFX provides a secure and competitive FX experience. The solution offers stable transactional services across various markets with access to current market information, enabling businesses to navigate foreign exchange complexities. On top of this, SC PrismFX facilitates various payment solutions like payables, receivables, and trade finance options, making it simpler for corporate customers to manage their global financial needs effectively.
Paytech businesses such as Ant International also benefit from SC PrismFX's large network to optimise payment processes. The solution integrates with local and instant payment schemes in developed and emerging economies, offering Playtech customers wider distribution networks and frictionless digital FX solutions. By embedding these solutions into their customers' journeys, Playtech businesses can improve the user experience while making cross-border payments cost-efficient and seamless.
FIs and NBFIs gain efficiency and control with SC PrismFX
SC PrismFX is highly beneficial to non-banking financial institutions (NBFIs) and financial institutions (FIs) in streamlining the FX payment process. With automation, SC PrismFX enables speedy multi-destination delivery and transparent FX rates that give clients maximum control over their foreign exchange costs and margins. SC PrismFX also provides an auto-FX conversion solution that automates cross-border transactions and saves on operating expenses through minimal setup adjustments.
The integration of SC PrismFX's functionality within clients' existing infrastructure means there is no loss of service and clients enjoy seamless, digital-first technology that supports their transactional FX requirements. With SC PrismFX, clients are now able to experience streamlined, competitive, and future-proof solutions for global payments.
SC PrismFX marks a significant step forward in enhancing cross-border transactional FX capabilities.