1:28:56 PM | 10/15/2024
Standard Chartered recently successfully hosted the Standard Chartered ASA Correspondent Banking Academy 2024 for the first time in Da Nang, Vietnam, focusing on long-term growth opportunities through sustainable finance and digital innovation, while addressing key risks such as cybersecurity and financial crime.
Ms. Nguyen Thuy Hanh speechs at the event
Held from 3-4 October, the two-day event brought together senior executives from 59 key correspondent banks across 14 countries in the ASEAN and South Asia regions. The academy provided an essential platform for participants to engage in knowledge-sharing and discussions on the latest trends and challenges in the banking sector.
In her opening remarks, Standard Chartered Vietnam’s CEO and Head of Banking & Coverage Nguyen Thuy Hanh said “Hosting this event during the 120th anniversary in Vietnam reaffirms Standard Chartered’s strong commitment to the ASEAN and South Asia region. We are proud to support our clients with financial services aligned with global standards. We believe that collaboration and knowledge-sharing are critical in combating financial crime and enhancing compliance across the industry. We also continue to partner with governments and regulators to further strengthen ASA’s economy by facilitating commerce and prosperity. Our long-term commitment to Vietnam and the ASA region reflects our dedication to building a resilient financial ecosystem that benefits everyone.”
Key topics covered during the academy included the rise of emerging payment technologies, combating money laundering, managing sanctions, building resilience to cybersecurity threats, fraud protection in payments, and digitizing trade while promoting ESG principles in banking.
Discuss and share the development of payment technologies
Standard Chartered’s Global Head, Transaction Banking Financial Institutions Sales, Dhiraj Bajaj discussed the future of payment technologies. He commented, "Vietnam presents immense opportunities for the growth of FinTech and PayTech due to its dynamic, young population and rapid digital adoption. Banks, are embracing these trends and leveraging new technologies to meet evolving client expectations and to enhance overall experience, while simultaneously strengthening our ability to detect and prevent financial crime. The convergence of innovation and security will be critical in shaping the future of banking, particularly in this fast-evolving market."
Standard Chartered is one of the largest global correspondent banking service providers with strong onshore coverage in Asia, Africa, and the Middle East. Globally, the Bank offers more than $90 billion credit to more than 1,800 institutions. As one of the top Global Trade Finance Banks, Standard Chartered is also at the forefront of innovation in Transaction Banking and the sponsor bank for many global industry initiatives in clearing and trade business.
Senior executives from 59 key correspondent banks across 14 countries in the ASEAN and South Asia region attended
Established the Correspondent Banking Academy in 2015 as part of “de-risking through education” initiative, Standard Chartered share its insights and expertise to help financial institutions build robust controls for managing risks and make the financial system a hostile environment for criminals. Standard Chartered is the foreign bank which has largest physical presence in the markets we operate in ASEAN & South Asia.
Source: Vietnam Business Forum
Vietnamese
