Standard Chartered Bank has announced that Gautam Jain, currently global head, Digitization and Client Access (DCA), Transaction Banking, has joined SC Ventures, effective immediately, to help the bank’s innovation effort, seek attractive fintech investments and set up new ventures.

Jain will continue to be based in Singapore and report to Alex Manson, who leads SC Ventures - a new business unit tasked to spearhead digital innovation across the group. Following Jain’s move, responsibilities for the DCA team will be split between Simon Fernyhough, chief operating officer, Transaction Banking, and Alan Lin, global head of Cash, Transaction Banking, on an interim basis. 

Jain joined Standard Chartered in September 2011 and has spearheaded digitization and innovation in Transaction Banking. He has been responsible for several of the bank’s new and strategic initiatives like Straight2Bank NextGen, mobile wallet propositions – Straight2Bank Pay and Straight2Bank Wallet, distributed ledger initiatives like Ripple Cross Border Payments and TradeSafe, digitization of branch transactions and creating an award-winning Network Management function. He was also recently recognized as the “Innovation banker of the year” by The Asset. 

“Gautam’s deep experience in transaction banking will be invaluable in engaging with that business and developing a promising pipeline of projects, ventures and investments,” says Manson.