Friday, 12 August 2022

StanChart partners fintech BetterTradeOff to offer new online financial planning solution

5 min read

Singapore - 13 April 2021 --Standard Chartered Bank (the Bank) today announced the launch of Standard Chartered Goals Planner (SC Goals Planner), a free, do-it-yourself online financial planning solution developed in collaboration with Singapore-based FinTech BetterTradeOff.

Available on SC Online Banking and SC Mobile, clients from all walks of life will be able to independently plan and track their financial goals through real-life simulations and insights specific to their life stages and financial status. The tool accounts for total household income, allowing clients to include loved ones in their financial plan and better take control of their finances, all at their fingertips.

As a do-it-yourself platform, SC Goals Planner gives users the opportunity to educate themselves on the planning process and financial fundamentals learning as they go, while building confidence and conviction in the financial planning process.

Eugene Puar, Head of Wealth Management, Singapore, ASEAN and South Asia said,

“There is definitely heightened interest in better financial planning after an unprecedented year. We are pleased to partner BetterTradeOff in offering our clients a platform that is both intuitive and convenient for them to access on the go. This is where we believe we can close the financial literacy gap and empower clients to play a more active role in their financial planning.

SC Goals Planner leverages advanced data analytics and our digital capabilities so our clients can create a holistic snapshot of their finances, simulate and plan ahead for key financial milestones, and make data-led decisions when it comes to wealth planning. Enhanced platform capabilities will be progressively rolled out to create an even more intuitive experience. This is one of the many steps we are taking to strengthen the client-bank wealth and financial planning dialogue.”

Co-Founder and Chief Executive Officer of BetterTradeOff, Laurent Bertrand said,

“Covid-19, and its widespread social and economic impact, has accelerated the need for digital solutions that provide improved accessibility not only to financial products but to sound financial advice as well. It’s about enabling financial inclusion, and giving people the tools to plan and achieve better and more secure futures. Having a market leader, like Standard Chartered, provide this solution to their customers for free, is a huge step in this direction.”


Re-disseminated by The Asian Banker

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