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http://forums.hardwarezone.com.sg/e...-platform-pump-usd3bn-technology-5229932.html
Hopefully there's a drastic improvement
What does the red part means?
https://www.sc.com/en/news-and-medi...tandard-Chartered-announces-new-strategy.html
Becoming lean and focused
The Group is also restructuring its three client businesses to differentiate against local and international competition, and deliver greater efficiency. Corporate and Institutional Banking will reduce its number of capital-intensive products and deliver USD50bn of RWA optimisation.
The transformation of Retail Banking will be accelerated. We will concentrate on large cities in our network that deliver a RoE above 10%, growing the number of emerging affluent clients, and investing in technology to save costs and improve the customers’ experience. We will also exit a number of smaller retail presence countries where the Group is sub-scale. Commercial Banking will be overhauled, with a focus on cost efficiencies, RWA optimisation and greater risk controls.
Invest and Innovate
The Group will cut costs to free up capital to invest in the business. We will invest USD3bn into the Group’s technology infrastructure, and into strategic opportunities where we have, or will create, a competitive advantage:
Grow Private Banking and Wealth Management where we have a good platform and a meaningful competitive position, targeting USD25bn AUM growth by 2018.
Investing to grow our business in Africa, building on our strong brand, where the opportunities are significant
Use our franchise in China and our international footprint to capture the substantial RMB opportunities and retain our leadership in offshore RMB
Improve retail client systems and digital capability (30% of sales and 40% of payments online by 2018) to improve the customer experience and make the bank more efficient
Our regulatory and compliance spend has tripled over the last three years, from US$1/3bn to a US$1bn a year. We will continue to invest in making a meaningful and leading contribution to the global fight against financial crime, and to do so by engaging proactively and transparently with regulators and other stakeholders
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