StanChart launches platform for instant investment account

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Mumbai: Standard Chartered Bank has launched ‘SC Invest’, a platform that will complete the KYC process and open an investment account in real-time to enable customers to invest in mutual funds and view their demat portfolio. According to the bank, this platform puts the foreign lender on a par with leading fintech firms and among the best in class within peers.

SC Invest can be used by novice first-time investors as well as seasoned professionals. It includes pre-generated investment packs for a client who is just starting. Aware investors can get reports of theme-based mutual fund ideas. It is available on the bank’s mobile apps as well, enabling transactions on the go.

StanChart said that the open architecture model allows the delivery of curated funds across all leading providers in the country. Customers can choose from pre-generated SIP packs based on their risk profile. They can stop and start the SIP on their own. The platform also provides them with market insights and reports and theme-based mutual fund ideas.

Samrat Khosla, MD & head of wealth, India, Standard Chartered Bank, said: “This is a big milestone in our journey to further enhance our digital wealth capabilities and will be key to growing our franchise across all segments.”