Standard Chartered Opens Innovation Lab in Singapore

[kreslik.news]

Standard Chartered Bank has unveiled a new innovation lab in Singapore in a bid to culture and develop the use of emerging technologies and data sciences, per the bank’s newly announced strategy in 2016, according to Standard Chartered statement.

The bank has been undergoing a widespread transition in 2016, following what had been a disappointing Q4 to close out the prior year. Back in November, Standard Chartered announced that it would cut approximately 15,000 jobs in a bid to help jump-start its retail transformation strategy, which followed after an unexpected -$139 million loss in Q3 2015.

Fast-forwarding to today, the ... (read more)