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Alex Manson, Head of Ventures at Standard Chartered commenting on SC Ventures launching in Singapore,
October 14 · Issue #110 · View online
Alex Manson, Head of Ventures at Standard Chartered commenting on SC Ventures launching in Singapore, combining its internal accelerator with venture capital - 
“Our internal mission statement talks about rewiring the DNA in banking… In transforming banking, there is an external and an internal element, and we think we need to do both at the same time and under the same roof… We discussed how if you do transformation innovation in a vacuum, those efforts typically end up fading… People get tired of being evangelized, evangelists get tired of speaking. What makes a big difference is to put our money where our mouth is and not be scared of disrupting ourselves in markets that are relevant to us… We understand that ventures in and of themselves are not going to move the needle. We need the symbiosis between internal and external ideas… So the conversation evolved to this: it is very courageous on the bank’s part to back a venture that requires us to disrupt ourselves, moving way beyond incremental transformation.”

Motive Podcasts
Last week we spoke to Romi Stein (CEO at OpenLegacy) and this Wednesday we hear from Mohit Joshi (President at Infosys) 
The Future of Finance by Motive Labs on Apple
The Future of Finance by Motive Labs on Android
Upcoming Industry Events
Financial Services
Emirates NBD unit plans IPO
Standard Chartered wants to combine venture capital with internal innovation
World Bank’s IFC invests $25mn in fintech Demica, announces partnership
Mastercard brings real-time bill payments to mobile banking apps
JPMorgan introduces mandatory coding courses
Wells Fargo takes Control Tower PFM nationwide
Standard Chartered partners Huawei on IoT lending projects
Societe Generale Revamps its Reconciliation Systems by Partnering with Duco
Lloyds Banking Group rolls out Voice ID
Price Markets UK Institutional Trading Volume Exceeds $1 Billion in 2017
CBA and CSIRO test the use of blockchain-based 'smart money'
Schroders take stake in Cobalt startup graduate
Financial technology sector enjoys M&A boom
4 Female Leaders Pioneering Fintech And Crypto
The cornerstones of large-scale technology transformation
Konsentus to launch OBIE sandbox
Transforming a customer experience in banking
Innovation and commoditisation: extracting value from the new era of payments
A Look at What Citi's Cooking at Its Citi Innovation Lab
Coinfirm of London Launches Anti-Fraud Blockchain in Nigeria
WeWork taps Lemonade to offer insurance to WeLive members
Bitwala to open German cryptobank with support from solarisBank
Circle plans to build token marketplace with acquisition of SeedInvest
Austrian government notarizes EUR1.15bn bond auction using blockchain
Clearmatics raises $12 million for blockchain R&D
Royal Bank of Scotland chief executive Ross McEwan calls for small business lending regulation
FCA Details Post-Brexit Rules for Regulated Firms
CBI calls for fresh regulatory approach to help banks deal with tech revolution
UK Finance proposes payments tax to compensate fraud victims
Singapore Watchdog Wants Resolution Between Banks and Blockchain
ePrivacy: An overview of Europe’s other big privacy rule change – TechCrunch
Key Hires
Powered by JBM Consulting - a leading financial services & technology focused boutique search firm
Former Chair Of HSBC May Head Standard Life Aberdeen
PwC tech consultant hired as CTO of new SME challenger bank Recognise
Mastercard Wins Blockchain Patent, Hiring Blockchain Specialists
CLS Appoints Margaret Law as Head of Client Management for APAC
Tal Zohar Leaves LSE to Lead AI Start-Up Artudata
Integral Hires Lars Olesen as Head of EMEA
M&A Activity
Funding Transactions
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