Stan­dard Char­tered en­ters into agree­ment with Pax­ata


Stan­dard Char­tered con­cluded a joint in­no­va­tion agree­ment with data so­lu­tions provider Pax­ata. The hopes that the in­tro­duc­tion of Pax­ata’s adap­tive in­for­ma­tion plat­form will ac­cel­er­ate its agenda of be­ing a dig­i­tal bank. SCB first part­nered with Pax­ata in 2016 for a com­pli­ance project. By al­low­ing self-ser­vice ac­cess to in­for­ma­tion, Pax­ata will em­power the bank’s em­ploy­ees, even those with­out tech­nol­ogy back­grounds, to trans­form raw data into trust­wor­thy busi­ness in­for­ma­tion they can turn into ac­tion. In ad­di­tion to the in­vest­ment, Stan­dard Char­tered has en­tered into a joint re­search and de­vel­op­ment ini­tia­tive with Pax­ata to in­ves­ti­gate so­phis­ti­cated al­go­rithms for search­ing, link­ing, ag­gre­gat­ing and clas­si­fy­ing data.

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