Standard Chartered and digital infrastructure platform Olea have signed a memorandum of understanding, paving the way for them to explore integrated strategies across several sectors.

Among other initiatives, the alliance will seek to formulate supply chain solutions for the bank’s clients in the small and medium-scale enterprises sector.

The innovative products and digital infrastructure of Olea as well as robust banking and funding capabilities of Standard Chartered will underpin this collaboration, according to a joint statement.

The collaboration also entails joint acquisitions, marketing and service provisions to deliver an innovative product to Standard Chartered’s SME banking customers in key strategic markets.