Standard Chartered-backed SC Ventures and Assembly Payments formed a joint venture.

Standard Chartered-backed SC Ventures, an innovation, fintech investment and venture capital firm, and Assembly Payments, a payments solution provider, formed a joint venture. Financial terms were not disclosed. “Payments is a critical pillar of banking services. Enabling Real-time Faster Payments and high volume transactions has been a core area of investment for Standard Chartered in line with the evolving needs of clients, particularly with the growth of e-commerce platforms and wallet apps. Our venture with Assembly Payments complements these capabilities, giving our corporate clients a complete offering for high throughput inward and outward payments," Michael Gorriz, Standard Chartered Chief Information Officer.