more-inStandard Chartered Bank on Tuesday opened its global business services centre in Bengaluru to deliver support, client due diligence and advisory services for corporate and institutional banking customers using the latest technologies in data, robotics and software development. “The centre in Bengaluru will also house the bank’s global centres of excellence in specialised areas including data analytics, anti-money laundering, financial crime surveillance and financial control,” Kwan Chee Sun, Chief Executive Officer of Standard Chartered Business Services Private, said. The Bengaluru centre will complement Standard Chartered’s existing GBS centres in China, India and Malaysia which collectively provide employment opportunities to 19,000 people. “Over the next few years, the bank expects to have 30% of GBS employees based in Bengaluru – doubling the current headcount,” he said. The centre is a part of the bank’s strategy to invest $3 billion over three years in technology and systems which it announced in 2015.

Source: The Hindu October 10, 2017 12:11 UTC