Standard Chartered to offer FX API service on Temenos Exchange

By Gloria Methri

Standard Chartered has become the first bank to list its foreign exchange (FX) API service, the Standard Chartered Aggregated Liquidity Engine (SCALE), on Temenos Exchange. The announcement was made at Money 20/20 Asia, held at the Queen Sirikit National Convention Centre in Bangkok.​

The integration combines Standard Chartered’s FX execution and settlement capabilities with Temenos’ core banking and payments technology, enabling financial institutions (FIs) on the Temenos platform to access FX services more efficiently, with reduced requirements on technology resources. This is particularly beneficial for retail banks, wealth managers, and payment providers handling low-value or high-volume transactions outside their treasury functions.​

Through this collaboration, FIS can price services across more than 130 currencies and 5,000 currency pairs while managing exposure risks to FX market volatility. The integration also allows FIs to maintain complete control over FX margins applied to customer transactions.​

When combined with the Temenos Payment Hub, the integration enables FIs to consolidate the SCALE FX service with other domestic and international payment rails on a single platform, connecting multiple payment sources, channels, clearing networks, and distribution services.​

The cross-border payments market is experiencing rapid growth, driven by globalisation and digital commerce. According to industry estimates, the market is projected to grow from $194 trillion to $320 trillion by 2032. By offering seamless, fast, and cost-effective international transactions, banks can capture a larger share of this expanding market.​

Commenting on the development, Monty Bhatia, EVP of Global Alliances and Partner Ecosystem, Temenos, said, “We are proud to welcome one of the world’s leading financial institutions to Temenos Exchange. This collaboration showcases the strength of our ecosystem in creating superior solutions and driving greater value for our clients. It enhances our best-of-suite core banking solution and strengthens our payments offering, giving customers more options to grow their payments business.”

Janet Thomas, Global Head of Strategic Partnerships, Corporate & Investing Banking, Standard Chartered, added, “We are delighted to partner with Temenos to extend the reach of SCALE to even more financial institutions globally, by building on the geographical synergy that Standard Chartered shares with Temenos. Being a part of the Temenos Exchange is testament to our continuing commitment to deepen our relationship with financial institutions, with the goal of accelerating their journey in achieving FX centralisation and supporting them in meeting their clients’ transaction needs through differentiated solutions that raise the bar on efficiency and accessibility.”