{"id":11862,"date":"2018-12-17T13:35:04","date_gmt":"2018-12-17T13:35:04","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=11862"},"modified":"2018-12-17T13:35:04","modified_gmt":"2018-12-17T13:35:04","slug":"standard-charted-and-huawei-team-up-to-create-iot-banking-solutions","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/standard-charted-and-huawei-team-up-to-create-iot-banking-solutions\/","title":{"rendered":"Standard Charted and Huawei team up to create IoT banking solutions"},"content":{"rendered":"

Standard Chartered has joined forces with Huawei to create an IoT-powered solution that could completely transform the way corporate companies communicate with banks. The solution allows corporate firms and banks systems to speak to each other in real-time as well as the triggering of financing or payment instructions via APIs. Specifically, it is a combination of IoT and cloud capabilities that provide banks the ability to track the movement of goods on a real-time basis. This reduces operational risks and provides reliable data that can be used in making financing decisions. The availability of real-time data allows straight-through processing, reducing turn-around times significantly and opening up opportunities for a broader range of financing solutions for manufacturers and their distributors.<\/p>\n

Standard Chartered has been active in working with tech companies in recent years as part of a concerted effort to co-develop solutions that make client experiences better and increase overall efficiency.<\/p>\n

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