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  Business   Companies  10 Oct 2017  Standard Chartered Bank opens new GBS centre in Bengaluru

Standard Chartered Bank opens new GBS centre in Bengaluru

PTI
Published : Oct 10, 2017, 2:32 pm IST
Updated : Oct 10, 2017, 2:32 pm IST

Bank's strategy to invest USD3 billion over three years in technology and systems which it announced in 2015.

The Bank expects to have 30 per cent of GBS employees based in Bengaluru over the next few years
 The Bank expects to have 30 per cent of GBS employees based in Bengaluru over the next few years

Bengaluru: Standard Chartered Bank on Tuesday said it has officially opened its new Global Business Services (GBS) centre here with an aim to attract the best minds available locally to redefine banking for the world.

The Bank expects to have 30 per cent of GBS employees based in Bengaluru over the next few years by doubling the current head count based in the city from a combination of internal moves and selective hiring.

 

The new centre will complement Standard Chartered's existing GBS centres in China, India and Malaysia which collectively provide employment opportunities to 19,000 talented people, the bank said in a release. It said this move is a part of the Bank's strategy to invest USD3 billion over three years in technology and systems which it announced in 2015.

"Our investment in Bengaluru is an important strategic step to enable access to a pool of highly skilled talent who can support our ambitions to be a digital bank with a human touch. We are here to attract the best minds in India's Silicon Valley to join us in redefining banking for the world," Standard Chartered Group CIO Dr Michael Gorriz said.

 

Spread over 43,000 square metres, the multi-million dollar, state-of-the-art GBS centre will deliver global support, client due diligence and advisory services for corporate and institutional banking, retail banking, compliance, human resources, risk management and finance using the latest technologies and practices in data, robotics and software development.

Calling India a key market for Standard Chartered its India CEO Zarin Daruwala said, "As we move towards deeper digitisation, people who form a part of the  technology-underpinned value chain will play an increasingly  leading-edge role in shaping the banking and financial  services landscape."

 

As a network, Standard Chartered's GBS centres in China, India and Malaysia are capable of managing complex, large scale, cross-border activities that keep the Bank running seamlessly, while ensuring clients globally are receiving reliable and secure banking services using state-of-the-art digital technology, the bank said.

Tags: standard chartered bank, gbs centre, employees, digital banking
Location: India, Karnataka, Bengaluru