Gareth James, Macro COO from Standard Chartered said:
We see Cobalt as being a core part of our FX operating platform, enabling Standard Chartered to reduce risk and costs by automating manual processes across the bank and therefore improving services to our clients. This investment shows our confidence in the platform and we look forward to continuing to grow our relationship with Cobalt.
Darren Coote, CEO at Cobalt commented:
The past few months have been a tumultuous time for the financial markets with market participants realising quickly that their current infrastructures were not fit for the new normal. During this period Cobalt’s solutions have continued to allow our network to operate at ease as well as reducing their all-important operating costs.
Coote added:
We welcome Standard Chartered as our latest client investor and look forward to continuing to work with them in this new capacity, to both improve our services and extend our offering, with a particular focus on the emerging markets.
