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Standard Chartered launches SC PrismFX, a Transactional FX solution

By Gloria Mathias

January 22, 2025

  • Cross border Solutions Suite
  • Cross-Border solutions
  • digital platforms
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Standard Chartered, Worldpay, SCPrism, Cross border Solutions Suite, Transactional FX suite, Cross border solutions, FI, NBFCs, FinTechs, Standard Chartered has announced the launch of SC PrismFX, its cross-currency Transactional foreign exchange (FX) solutions suite. SC PrismFX is available for Financial Institution (FI), Non-Banking Financial Institution (NBFI), PayTech, and Corporate clients globally.

SC PrismFX offers Standard Chartered clients a spectrum of cross-border transactional foreign exchange solutions to successfully navigate complex global and local market nuances by leveraging the bank’s foreign exchange expertise, digital capabilities, and extensive payment network across emerging and developed markets.

SC PrismFX integrates Standard Chartered’s suite of digital, integrated Transaction Banking, Financial Markets, and Digital Platforms capabilities under one brand name to deliver robust FX payment services to its clients across over 130 currencies in more than 40 markets.

For corporate clients, SC PrismFX offers a consistent transactional FX payments experience across Standard Chartered’s markets globally, with competitive FX pricing and expert emerging markets insights coupled with a suite of advanced payables, receivables, and trade finance solutions.

For PayTech clients, SC PrismFX provides an extensive distribution and payments network across developed and emerging markets, connectivity to local and instant payment schemes, and a variety of digital FX solutions seamlessly integrated into client journeys for a superior customer experience.

With SC PrismFX, FI and NBFI clients can benefit from the convenience and efficiency of a single provider offering the widest suite of FX currencies and upfront FX rate visibility and transparency to enable clients to have full control over margins and rates for their own customers. Additionally, clients can benefit from automated FX payments with faster multi-destination delivery, Auto FX Conversion solution, and seamless integration with minimal operating process changes and set-up costs.

Michael Spiegel, Global Head of Transaction Banking at Standard Chartered, said, “Beyond mainstream settlement and payment currencies, Corporate, Financial Institutions and PayTech clients are increasingly transacting in emerging markets currencies. SC PrismFX offers clients access to a robust payment distribution network with direct clearing across multiple domestic schemes. Our strong on-the-ground network in some of the world’s most dynamic markets, coupled with our continued investments in our platforms give us an edge in the market and allow us to offer our clients an end-to-end transactional FX solutions suite that can be tailored to their specific needs.”

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