Standard Chartered, Taulia ink MOU to offer supply chain finance solutions

Both parties will offer supply chain finance and dynamic discounting solutions.

Standard Chartered has signed a memorandum of understanding with Taulia, a fintech provider of capital solutions, according to a joint press release.

Under the agreement, both parties will look to offer supply chain finance and dynamic discounting solutions.The collaboration is expected to help clients enhance the resilience and sustainability of their supply chains, by enabling their suppliers to gain access to working capital more efficiently and cost effectively.

Standard Chartered and Taulia, which was recently acquired by SAP, said that they will join forces to extend the reach of their working capital finance solutions across both existing and new client networks, especially multinational companies that require the expertise and support at a global and local level.