In this enlightening episode of Tech Talks Daily, I sit down with Thorsten Neumann from SC Ventures, the innovation engine behind Standard Chartered Bank. As the force overseeing technology at SC Ventures, Thorsten plays a pivotal role in seeking out disruptive business models and state-of-the-art technologies that are reshaping the financial services sector.
Throughout our discussion, we delve deep into the multifaceted roles of SC Ventures, ranging from investment to incubation, and highlight the symbiotic relationship with startups that fuels groundbreaking innovation and sharpens investment decisions. We also unpack the strategy behind the identification of game-changing business paradigms, focusing on a quintet of defining themes such as the burgeoning online economy, the role of digital assets, the future of SME and World Trade, and the imperative of sustainability and inclusivity.
With the VC landscape itself on the cusp of change, we discuss the ascent of technologies like blockchain, AI, and the tantalizing potential of quantum computing. Thorsten shares invaluable insights into the synergy between the bank’s broader strategies and its portfolio of innovative companies, illustrating with the success story of TASconnect, a supply chain financing platform.
Thorsten also underscores the bank's ambitious vision to harness its global footprint and the power of AI to shape its future trajectory. Finally, we reflect on the indispensable role of AI infrastructure in propelling businesses forward and extend heartfelt appreciation to the SC Ventures leadership and the wider community of technologists and partners for their unwavering support.
Tune in to understand the delicate art of juggling the roles of venture capitalist and venture builder, and to explore how SC Ventures is not only amplifying the bank's ambitions but also creating a ripple effect in the fintech realm, delivering solutions that redefine traditional banking.