Standard Chartered
FX Capabilities for Retail Banks and Wealth Managers
Pages
4
Time to read
7 mins
Publication
Language
English
Pages
4
Time to read
7 mins
Publication
Language
English
This document is a guide that outlines the features and benefits of the SCALE FX API available on the Temenos Exchange. It describes how the API facilitates FX settlement and execution for retail banks and wealth managers, enabling them to meet their customers' foreign exchange needs efficiently and effectively. The guide details various use cases, including FX support for online banking, guaranteed rates in restricted markets, multi-currency wallets, and wealth management support for cross-currency funds. Each use case illustrates the challenges faced by financial institutions and how the SCALE API provides solutions, such as live FX rates, guaranteed rate holds, and outsourced FX management. The document emphasizes the capacity of the API to enhance international competitiveness and streamline operations while minimizing risk. Additionally, it discusses the seamless integration of the API into existing platforms, allowing for quick deployment and improved customer service.