StanChart to invest RM100mil in tech hub


Historic event: Mustapa launches the 15th anniversary celebration of Scope International. With him are Norris (centre) and Multimedia Development Corp chief operating officer Datuk Ng Wan Peng. — Bernama

KUALA LUMPUR: Standard Chartered Bank (StanChart) will invest some US$30mil (RM123.3mil) over the next three years to support its global technology and operation hub under wholly owned subsidiary Scope International (M) Sdn Bhd.

StanChart Scope International chief executive officer Matthew Norris said this was part of the US$3bil (RM12.3bil) the bank planned to invest to focus on strengthening its technology, retail banking, private banking, wealth management and improving the bank’s control.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read