Standard Chartered has completed its first live, industry-standard API-based digital bank guarantee transaction for a global energy company through Komgo’s Konsole platform, a leading multi-bank trade finance solution. The transaction leverages the newly launched ICC–Swift API standards for bank guarantees, representing a significant milestone in the digitisation of trade finance.
The transaction is fully compliant with the ICC–Swift API standards and demonstrates meaningful progress towards a seamless, interoperable digital bank guarantee ecosystem. By reducing operational friction and enabling standardised connectivity, the initiative supports the broader digital transformation of global trade.
Standard Chartered is among the first global banks to adopt and operationalise the ICC–Swift API standards within a live client trade workflow. Through real-time connectivity between Komgo’s Konsole platform and the bank, the integration simplifies system connectivity challenges and enables automated receipt of instructions. This accelerates the issuance of digitally initiated bank guarantees, delivering enhanced speed, transparency and reliability for clients.
The solution was first executed through Standard Chartered UK and will be progressively rolled out to clients across the bank’s global network. The development underscores Standard Chartered’s commitment to client-centric innovation through bank fintech partnership and its leadership role in the digitisation of trade finance.
The milestone also highlights Komgo’s capability to integrate seamlessly with financial institutions in line with ICC–Swift API standards, reinforcing its position as a scalable enabler of industry-wide connectivity and automation.
Samuel Mathew, Global Head, Documentary Trade at Standard Chartered, said:
“Standard Chartered has always combined innovation and digitisation with strong client focus. We are delighted to be among the first banks to commercialise the ICC-Swift API standards for bank guarantees, which we helped develop in collaboration with ICC, Swift, member banks and fintechs in the ICC-Swift API working group. We are playing our part by making digital guarantees more accessible to our multi-banked clients whilst driving operational efficiencies and building a future-ready, globally interoperable trade ecosystem.”
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